CRISC · Question #134
Which of the following BEST helps to identify significant events that could impact an organization?
The correct answer is C. Scenario analysis. Scenario analysis is the best method to identify significant events that could impact an organization by exploring various plausible future situations and their potential consequences. This proactive approach helps anticipate and prepare for diverse impactful events.
Question
Which of the following BEST helps to identify significant events that could impact an organization?
Options
- AControl analysis
- BVulnerability analysis
- CScenario analysis
- DHeat map analysis
How the community answered
(21 responses)- A5% (1)
- B14% (3)
- C71% (15)
- D10% (2)
Why each option
Scenario analysis is the best method to identify significant events that could impact an organization by exploring various plausible future situations and their potential consequences. This proactive approach helps anticipate and prepare for diverse impactful events.
Control analysis focuses on the effectiveness of existing controls in mitigating identified risks, rather than proactively identifying new potential significant events.
Vulnerability analysis identifies weaknesses in systems or processes, which are components of risk, but doesn't inherently explore broader "significant events" or their overall impact like scenario analysis does.
Scenario analysis involves creating and evaluating hypothetical situations or events that could impact the organization, exploring their potential causes, likelihood, and consequences. This method is specifically designed to identify and understand significant future events and their broad organizational implications, including both risks and opportunities.
Heat map analysis is a visualization tool for communicating identified risks based on likelihood and impact, not a method for identifying new significant events.
Concept tested: Risk identification using scenario analysis
Topics
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