CGEIT Exam Dumps - Certified in the Governance of Enterprise IT Exam

According to the CGEIT certification guide, the best method for determining an enterprise’s current appetite for risk is interviewing senior management. This is because senior management is responsible for setting the risk appetite and tolerance of the enterprise, and for balancing the security and business needs. The risk appetite reflects the amount and type of risk that an organization is willing to take in order to meet their strategic objectives. Interviewing senior management can help to understand their perspectives, expectations, and preferences regarding risk taking1. The other options are less effective than option A, as they do not directly capture the senior management’s input or risk-based decision making. References := CGEIT certification guide, domain 3: Risk Optimization, section 3.1: Risk Governance, page 87.

 The best way to demonstrate that IT strategy supports a new enterprise strategy is to map IT programs to business goals. This will show how IT initiatives are aligned with and contribute to the achievement of the enterprise vision, mission, and objectives. Mapping IT programs to business goals will also help to prioritize, monitor, and evaluate the performance and value of IT investments

Data classification is a process that involves users assigning labels or tags to data based on its sensitivity, value, and protection requirements. Users are the ones who know the data best and are responsible for handling it appropriately. Therefore, users should be provided with clear instructions that are easy to follow and understand, so they can classify data correctly and consistently. This will also help users comply with the data security policies and regulations that apply to the data they work with. References := CGEIT Exam Content Outline, Domain 1: Governance of Enterprise IT, Subtopic B: IT Resources, Task 3: Ensure that processes are in place to maintain the integrity, availability, reliability, performance, scalability and security of IT resources. What is Data Classification? | Best Practices & Data Types | Imperva, User-based classification section. Best practices for data classification - ManageEngine, 6 best practices for data classification section.

 Risk management strategies are primarily adopted to achieve acceptable residual risk levels, which are the levels of risk that remain after applying risk response measures. Risk management strategies are the approaches or methods that an organization uses to identify, assess, and treat its IT-related risks. Risk management strategies can vary depending on the organization’s risk appetite, tolerance, and capacity, as well as the nature and impact of the risks. Some common risk management strategies are: avoid, reduce, transfer, share, or accept. The other options are not as primary, as they are more related to the outcomes or objectives of risk management strategies, rather than the purpose or intention of them. References: : CGEIT Review Manual (Digital Version), Chapter 4: Risk Optimization, Section 4.3: IT Risk Management, Subsection 4.3.1: IT Risk Management Overview, Page 153 : CGEIT Review Manual (Digital Version), Chapter 4: Risk Optimization, Section 4.3: IT Risk Management, Subsection 4.3.2: IT Risk Management Process, Page 156 : CGEIT Review Manual (Digital Version), Chapter 4: Risk Optimization, Section 4.3: IT Risk Management, Subsection 4.3.3: IT Risk Management Techniques and Tools, Page 158 : Proactive IT Risk Management in an Era of Emerging Technologies1

The primary goal of an IT risk optimization process from a governance perspective is to ensure that the impact of IT risk to the enterprise is managed in alignment with the enterprise risk management (ERM) framework and the enterprise objectives. IT risk optimization is not only about defining thresholds, approving strategies or mapping metrics, but about ensuring that IT risk is effectively mitigated, monitored and communicated to support the achievement of enterprise goals. References := CGEIT Exam Content Outline, Domain 4: Risk Optimization1; Certified in Governance of Enterprise IT (CGEIT) Course, Learning Tree2

When determining the optimal IT service levels to support business, the most important factor is the cost/benefit to the business. This means that the IT service levels should be aligned with the business objectives, needs, and expectations, and that the benefits of providing a certain level of IT service should outweigh the costs of delivering it. The cost/benefit analysis should consider both the direct and indirect costs and benefits of IT service levels, such as the impact on customer satisfaction, revenue, productivity, quality, risk, compliance, innovation, and competitive advantage. A cost/benefit analysis can help IT managers justify their IT service level decisions and communicate them effectively to the business stakeholders. References := IT cost/benefit analysis: Why it matters and how to do it right, IT Support Levels Clearly Explained: L1, L2, L3 & More, IT support levels: definition, tiers and advantages, The Importance of Adopting Formal IT Service Management

 According to the web search results, the primary benefit of communicating the IT strategy across the enterprise is to reduce organizational resistance during strategy execution. This is because communication can help to create a shared understanding and vision of the IT strategy, and to foster trust and commitment among the stakeholders. Communication can also help to address the concerns and expectations of different groups, and to overcome the barriers and challenges that may arise during the implementation of the IT strategy1. The other options are less important than option D, as they are not directly related to communication, but rather to other factors such as project management, performance measurement, and investment optimization. References :=

How to Communicate Your Company’s Strategy Effectively

 The most comprehensive view into the potential value of procuring customer information for a marketing enterprise would be provided by the cost-benefit analysis results. A cost-benefit analysis is a method of comparing the costs and benefits of a project or decision in monetary terms. It helps to evaluate the feasibility, profitability, and efficiency of the project or decision, and to identify the best alternative among different options. A cost-benefit analysis can also incorporate non-monetary factors, such as social and environmental impacts, by assigning them monetary values or weights. A cost-benefit analysis can show the net benefit (or net cost) of procuring customer information, as well as the benefit-cost ratio, the payback period, and the internal rate of return. These indicators can help the marketing enterprise to assess how well the procurement of customer information aligns with its objectives, strategies, and budget, and how much value it can create for the enterprise and its customers