In the Context of Digital and IT Strategy, Explain How To ITIL-4-STRATEGIC-LEADER-MODULES Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   Which risk analysis method involves exploring different future scenarios to understand how risks might unfold under various conditions?

   • AScenario analysis
   • BProbability-impact matrix
   • CRisk workshop
   • DSWOT analysis
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2. 17application · medium

   A multinational corporation is conducting a risk assessment for its global digital transformation initiative. The risk manager needs to communicate the assessed risks to stakeholders in different regions and ensure that decisions on risk responses are well-documented. What is the most important output to produce?

   • AA risk register that lists all identified risks, their analysis, and planned responses
   • BA project charter that outlines the scope and objectives of the initiative
   • CA stakeholder map that identifies who is affected by the initiative
   • DA risk appetite statement that defines the organization's tolerance for risk
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4. 18foundation · easy

   An organization has a high risk appetite for innovation but a low tolerance for risks that could cause regulatory fines. When evaluating risks, which risks would most likely be prioritized for a response?

   • ARisks with high likelihood but low impact
   • BRisks that could lead to regulatory fines, regardless of likelihood
   • CRisks with low likelihood but high impact
   • DRisks that are aligned with the innovation strategy
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5. 19foundation · easy

   A digital transformation initiative introduces a new customer-facing mobile application. Which of the following is an example of an operational risk that should be identified during the planning phase?

   • AThe application may not align with the organization's long-term strategic vision.
   • BNegative media coverage could damage the organization's brand reputation.
   • CThe application may experience downtime during peak usage periods, affecting customer transactions.
   • DThe organization may face fines for failing to comply with data protection regulations.
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6. 20application · medium

   A pharmaceutical company is assessing risks for a new digital research platform. The risk of data loss has a low likelihood but very high impact, while the risk of a minor system bug has a high likelihood but low impact. The company has a low risk appetite for data loss. How should these risks be prioritized?

   • APrioritize the data loss risk because of its high impact and low risk appetite
   • BAccept both risks because the likelihood of data loss is low
   • CTreat both risks equally because they have opposite likelihood and impact profiles
   • DPrioritize the system bug risk because of its high likelihood
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