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What is the purpose of key risk indicators (KRIs)?
What is the purpose of key risk indicators (KRIs)?
- To identify and use indicators for both performance and risk
- To determine how well the process is performing
- To assess and mitigate risk
- To predict or indicate important risk (correct)
Why is ongoing monitoring considered an essential step of the risk management life cycle?
Why is ongoing monitoring considered an essential step of the risk management life cycle?
- To deploy new security patches to servers
- To detect unauthorized equipment or software
- To identify new and emerging risks (correct)
- To improve the process of continuous monitoring
What is the recommended approach for monitoring to best manage risk?
What is the recommended approach for monitoring to best manage risk?
- To monitor only key risk indicators (KRIs)
- To monitor a broad enough scope to provide a reasonable view of the risk environment (correct)
- To rely on periodic assessments and testing
- To monitor only a limited scope of data
What does a key performance indicator (KPI) measure?
What does a key performance indicator (KPI) measure?
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What can greatly improve the process of continuous monitoring?
What can greatly improve the process of continuous monitoring?
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What is a subset of risk indicators that are highly relevant and possess a high probability of predicting or indicating important risk?
What is a subset of risk indicators that are highly relevant and possess a high probability of predicting or indicating important risk?
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