IT Governance quiz

What is governance?

• How a company is run

• A combo of processes and structures to direct the activities of the organization

• A type of audit function

• I don't know I wasn't listening

What is the first step in engagement planning?

• Understand the context and purpose of the engagement

• Conduct A Preliminary Risk Assessment

• Allocate Resources

• Reporting the engagement

What is not a component of IT Governance

• Organization Structures

• Process Areas

• Value Added

• Mechanisms

What is your last step in an engagement before reporting?

• Gather Information

• Document the plan

• Establish Scope

• Allocate Resources

What is standard 2110 for?

• Governance

• Ethics

• Competency

• Risk Assessment

What are the 3 categories your score in a risk assessment?

• Impact

  Score

  Management

• Score

  Management

  Acceptable Risk

• Timeline

  Score

  Likelihood

• Impact

  Likelihood

  Score

What is not a part of the IT Framework?

• Strategic Alignment

• Risk Management

• Value Delivery

• Managements Approval

What is one key risk a company will face without IT Governance

• Poor Delivery of Services

• Controlling

  Risk

• Misinformation

• High Turnover Rates