CGEIT · Question #15
A company is considering selling products online, and the CIO has been asked to advise the board of directors of potential problems with this strategy. Which of the following is the ClO's BEST course
The correct answer is D. Perform a risk assessment.. To advise the board on potential problems with selling products online, the CIO's best course of action is to perform a comprehensive risk assessment.
Question
A company is considering selling products online, and the CIO has been asked to advise the board of directors of potential problems with this strategy. Which of the following is the ClO's BEST course of action?
Options
- AReview the security framework.
- BConduct a return on investment (ROI) analysis.
- CReview the enterprise architecture (EA).
- DPerform a risk assessment.
How the community answered
(33 responses)- A3% (1)
- B6% (2)
- C12% (4)
- D79% (26)
Why each option
To advise the board on potential problems with selling products online, the CIO's best course of action is to perform a comprehensive risk assessment.
Reviewing the security framework is a *part* of a risk assessment, focusing only on one aspect of potential problems.
Conducting an ROI analysis focuses on the financial benefits and costs, not primarily the *potential problems* (risks) associated with the strategy.
Reviewing the enterprise architecture (EA) helps understand the existing IT landscape but doesn't specifically identify new potential *problems* or risks introduced by the online selling strategy itself.
Selling products online introduces numerous new risks, including cybersecurity threats, data privacy concerns, regulatory compliance issues, operational challenges, and potential financial fraud. A comprehensive risk assessment will identify, analyze, and evaluate these potential problems, providing the board with a holistic view of the threats and vulnerabilities associated with the new strategy.
Concept tested: Strategic initiative risk identification
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