What is covered on the CRISC exam?

The governance domain interrogates your knowledge of information about an organization’s business and IT environments, organizational strategy, goals and objectives, and examines potential or realized impacts of IT risk to the organization’s business objectives and operations, including Enterprise Risk Management and Risk Management Framework.

This domain will certify your knowledge of threats and vulnerabilities to the organization’s people, processes and technology as well as the likelihood and impact of threats, vulnerabilities and risk scenarios.

This domain deals with the development and management of risk treatment plans among key stakeholders, the evaluation of existing controls and improving effectiveness for IT risk mitigation, and the assessment of relevant risk and control information to applicable stakeholders.

In this domain we interrogate the alignment of business practices with Risk Management and Information Security frameworks and standards, as well as the development of a risk-aware culture and implementation of security awareness training.

1. Collect, review, and evaluate existing information regarding the organization’s business and information system environments.
2. Identify potential or realized impacts of information system risk to the organization’s business objectives and operations.
3. Identify threats and vulnerabilities to the organization’s people, processes, and technologies.
4. Evaluate threats, vulnerabilities, and risk to create information system risk scenarios.
5. Establish accountability by assigning and validating appropriate levels of risk and control ownership.
6. Maintain or establish the information system risk register and incorporate it into the enterprisewide risk profile.
7. Assist key stakeholders in the selection of risk appetite and tolerance thresholds and the impact on business objectives.
8. Promote a risk-aware culture by contributing to the development and implementation of security/risk awareness and training.
9. Conduct a risk assessment by analyzing information system risk scenarios and events to generate a risk score/rating.
10. Identify the current state of existing controls and evaluate their effectiveness for information system risk treatment.
11. Determine if risk exceeds appetite and tolerance thresholds to recommend treatment options and rectify concerns.
12. Review the results of risk and/or control analysis to assess any gaps between current and desired states of the risk environment.
13. Collaborate with risk owners on the development of risk treatment plans.
14. Collaborate with control owners on the selection, design, implementation, and maintenance of controls.
15. Validate that risk responses have been executed according to risk action plans.
16. Define, implement, and refine key risk indicators (KRIs).
17. Collaborate with control owners on the identification and refinement of key performance indicators (KPIs) and key control indicators (KCIs).
18. Monitor and analyze key risk indicators (KRIs), key performance indicators (KPIs), and key control indicators (KCIs).
19. Review the results of control assessments to determine the adequacy, effectiveness, and maturity of the control environment.
20. Conduct aggregation, analysis, and validation of risk and control data.
21. Report relevant risk and control information to applicable stakeholders to facilitate risk-based decision-making.
22. Evaluate emerging technologies and changes to the environment for threats, vulnerabilities, and opportunities.
23. Evaluate alignment of business practices with risk management frameworks, standards, and regulations.
24. Facilitate tabletop exercises to verify and identify gaps in risk scenarios, capabilities, and responses.