CRISC Certified in Risk and Information Systems Control – Question233

Which of the following is true for risk management frameworks, standards and practices? Each correct answer represents a part of the solution. Choose three.

A.
They act as a guide to focus efforts of variant teams.
B. They result in increase in cost of training, operation and performance improvement.
C. They provide a systematic view of "things to be considered" that could harm clients or an enterprise.
D. They assist in achieving business objectives quickly and easily.

Correct Answer: ACD

Explanation:

Explanation:
Frameworks, standards and practices are necessary as:

  • They provide a systematic view of “things to be considered” that could harm clients or an enterprise.
  • They act as a guide to focus efforts of variant teams.
  • They save time and revenue, such as training costs, operational costs and performance improvement costs.
  • They assist in achieving business objectives quickly and easily.