CGEIT · Question #139
Which of the following is the MOST valuable input when quantifying the loss associated with a major risk event?
The correct answer is C. Business impact analysis (BIA) report. The most valuable input for quantifying the loss associated with a major risk event is a Business Impact Analysis (BIA) report.
Question
Which of the following is the MOST valuable input when quantifying the loss associated with a major risk event?
Options
- AKey risk indicators (KRIs)
- BIT environment threat modeling
- CBusiness impact analysis (BIA) report
- DRecovery time objectives (RTOs)
How the community answered
(28 responses)- A4% (1)
- B7% (2)
- C75% (21)
- D14% (4)
Why each option
The most valuable input for quantifying the loss associated with a major risk event is a Business Impact Analysis (BIA) report.
Key risk indicators (KRIs) are metrics for monitoring risk levels proactively but do not quantify the actual loss suffered from an event.
IT environment threat modeling identifies potential threats and vulnerabilities but does not directly quantify the business or financial loss resulting from a successful exploit or incident.
A Business Impact Analysis (BIA) report systematically identifies and quantifies the financial and operational impacts of disruptions to business processes and supporting IT systems, providing a comprehensive basis for calculating potential losses from risk events.
Recovery Time Objectives (RTOs) define the maximum tolerable duration for restoring a function after an incident, which is an output of a BIA and a recovery planning metric, not an input for quantifying loss.
Concept tested: Quantifying risk loss
Source: https://www.isaca.org/resources/isaca-journal/issues/2016/volume-3/business-impact-analysis-the-bridge-between-risk-and-business-continuity
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