Pearson CRISC New Attempt

The most important characteristic of a key risk indicator (KRI) to enable decision-making is illustrating changes in risk trends, as it provides a clear and timely indication of the direction and magnitude of the risk level and exposure, and enables the stakeholders to take proactive and appropriate actions to address the risk. The other options are not the most important characteristics, as they are more related to the monitoring, measurement, or identification of the risk, respectively, rather than the illustration of the risk trends. References = CRISC Review Manual, 7th Edition, page 110.

Shutting down operations to prevent exposure to risk exemplifies risk avoidance, which eliminates the activity causing the risk. This aligns withRisk Treatment Strategies.

Automated asset management software is the best method to track asset inventory because it can provide real-time, accurate, and comprehensive data on the location, condition, value, and usage of assets. It can also help to optimize asset utilization, reduce costs, improve compliance, and enhance security.

References

•Free Asset Tracking Templates | Smartsheet

•5 Best Asset Management Software (2023) – Forbes Advisor

•What Is Asset Tracking? Benefits & How It Works - Forbes

•Inventory and Asset Tracking: Keep it Simple (But Powerful)

The most important factor when reporting to senior management on changes in trends related to IT risk is materiality. Materiality is the extent to which the information reported is significant, relevant, and useful for decision-making purposes. Materiality helps to prioritize the most important risks and communicate them effectively to senior management12

1: Integrating KRIs and KPIs for Effective Technology Risk Management - ISACA 2: CRISC Review Manual, 7th Edition, page 271