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

The CIO should first meet with key stakeholders to understand their concerns about the IT governance reporting transparency. This will help the CIO to identify the root causes of the perception, the expectations and needs of the stakeholders, and the gaps and issues in the current reporting process. Meeting with key stakeholders will also help to build trust and rapport, and to solicit feedback and suggestions for improvement. The CIO can then use this information to develop a communication and awareness strategy, adopt a standard template, and add transparency metrics to the balanced scorecard. These actions will help to enhance the transparency, consistency, and quality of the IT governance reporting, and to address the stakeholder concerns effectively. References := How Boards Realise IT Governance Transparency: A Study Into Current Practice of the COBIT EDM05 Process, Page 1.

According to the ISACA CGEIT Exam Candidate Guide, one of the tasks under the domain of Strategic Alignment is to "understand the current vision and direction of the enterprise and identify how IT can best support it."1 This task should be done first when developing an IT strategic plan that supports an enterprise’s business goals, because it provides the basis for aligning IT with the business strategy and priorities. By understanding the current vision and direction of the enterprise, the IT strategic plan can identify the gaps, opportunities, and challenges that need to be addressed by IT, as well as the expected outcomes and benefits that IT can deliver to the enterprise23. The other options are not the best actions to perform first in this scenario. Ensuring that IT drives business goals, analyzing benchmarking data, and performing a business impact analysis (BIA) are all useful steps or methods for developing an IT strategic plan, but they are not the starting point. They should be done after understanding the current vision and direction of the enterprise, based on the alignment and integration of IT with the business strategy and goals23. References:

• 1: https://www.isaca.org/-/media/info/cgeit/cgeit-exam-candidate-guide.pdf
• 2: https://www.cascade.app/blog/it-strategic-plan
• 3: https://www.projectmanager.com/blog/it-governance-frameworks-definitions

Risk appetite is the amount and type of risk that an organization is willing to accept in pursuit of its objectives. Risk appetite of the enterprise should be the primary consideration when developing a risk management policy for a portfolio of IT-enabled investments, because it helps to align the risk management strategy with the business strategy and goals. Risk appetite also helps to define the risk tolerance and thresholds for each investment, and to prioritize and allocate resources accordingly. Risk appetite also helps to communicate the expectations and responsibilities of the stakeholders involved in the risk management process, and to foster a risk-aware culture within the organization. References := CGEIT Review Manual, Chapter 4: Risk Optimization, Section 4.1: IT Risk Management Strategy, Subsection 4.1.1: Establishing IT Risk Appetite, Page 139.

Practical and enforceable policies are the best way to contribute to the successful implementation of a framework to implement IT governance, as they provide clear and consistent guidance and direction for IT activities, processes, and decisions. Practical and enforceable policies are based on the enterprise’s strategy, goals, and values, as well as the relevant regulations and standards. Practical and enforceable policies also define the roles, responsibilities, and authorities of the IT stakeholders, as well as the mechanisms for monitoring, measuring, and reporting on IT performance and compliance. Practical and enforceable policies can help ensure that IT governance is effective, efficient, and aligned with the business needs and expectations.

Automated compliance tracking, comprehensive and timely audit reviews, and periodic peer reviews are also useful ways to support the implementation of a framework to implement IT governance, but they are not the best way. Automated compliance tracking is a process that uses software tools or systems to collect, analyze, and report on IT compliance data, such as policies, standards, controls, risks, incidents, or issues. Automated compliance tracking can help reduce the time and effort required for IT compliance management, as well as improve the accuracy and reliability of IT compliance information. Comprehensive and timely audit reviews are assessments that evaluate the adequacy and effectiveness of IT governance, management, and operations. Comprehensive and timely audit reviews can help identify and address any weaknesses or gaps in IT governance, as well as provide recommendations for improvement. Periodic peer reviews are evaluations that compare the IT governance practices of an enterprise with those of its peers or competitors. Periodic peer reviews can help benchmark and improve the IT governance performance of an enterprise, as well as identify best practices or opportunities for innovation.

References := IT Governance: Definitions, Frameworks and Planning - ProjectManager; What is IT governance? A formal way to align IT & business strategy; What is IT Governance (ITG) and why does it matter? - IFS Blog; IT Governance Framework - CIO Wiki; What is IT Governance? How to Implement | Electric.

A vision statement should be the primary input when developing IT strategy, because it is a concise and clear expression of the enterprise’s desired future state and direction, and it reflects the enterprise’s mission, values, and goals12. A vision statement can help to guide and inspire the IT function to align its activities and resources with the business needs and expectations, and to deliver value and innovation to the enterprise. A vision statement can also help to communicate and monitor the IT strategy and objectives, and measure the IT performance and outcomes12. References := ISACA, CGEIT Review Manual, 7th Edition, 2019, page 23-24.

Communicating the objectives and responsibilities to staff is the BEST way to demonstrate senior management’s commitment to IT governance. IT governance is the process of ensuring that IT supports the achievement of the organization’s goals and objectives, and delivers value to its stakeholders1. IT governance involves aligning the IT strategy, policies, processes, and resources with the business strategy, needs, and expectations2. However, implementing and sustaining IT governance requires a significant amount of change in the organization, such as introducing new technologies, standards, roles, and responsibilities3. Therefore, communicating the objectives and responsibilities to staff is essential for demonstrating senior management’s commitment to IT governance, as it can:

• Provide the direction and mandate for the IT governance initiative on an ongoing basis
• Communicate the vision, mission, goals, and objectives of the IT function to all stakeholders
• Allocate the necessary resources and capabilities to enable the IT governance processes and activities
• Monitor and evaluate the performance and outcomes of the IT function and provide feedback and recognition
• Foster a positive and collaborative culture that values IT as a strategic partner and enabler of the business

The other options are not as good as option C. While it is important to communicate the legal and regulatory requirements, the approved IT investment opportunities, and the need for enterprise architecture (EA), these are not sufficient to demonstrate senior management’s commitment to IT governance. They are rather means to achieve the end goal of implementing and sustaining IT governance. They do not necessarily reflect the level of commitment, involvement, and support from the management toward IT governance. References :=

• What is IT Governance? Definition & Examples | ASQ2
• What is IT governance? A formal way to align IT & business strategy1
• How to Involve Senior Management in the Information Security Governance …3

According to the CGEIT exam guide, data governance is the set of processes that ensure that important data assets are formally managed throughout the enterprise. Data governance ensures that data can be trusted and that people can be made accountable for any adverse event that happens because of low data quality. It is about putting people in charge of fixing and preventing issues with data so that the enterprise can become more efficient. Data governance also describes an evolutionary process for a company, altering the company’s way of thinking and setting up the processes to handle information so that it may be utilized by the entire organization. When moving infrastructure hosting to an external cloud provider, it is essential to include compliance with the enterprise’s data governance policy in the contract. This will ensure that the cloud provider follows the same standards and practices as the enterprise regarding data quality, security, privacy, availability, integrity and reliability. This will also help to mitigate the risk of data breaches, loss or misuse, and to protect the reputation and trust of the enterprise and its customers. References: CGEIT Exam Candidate Guide, page 16. CGEIT Certification, Building Cloud Governance From the Basics

Data classification is a process of organizing and categorizing data based on its characteristics, confidentiality, and sensitivity. Data classification helps to determine the level of access and protection that data requires. Data classification also makes data easier to understand, compare, and analyze. Data classification is an essential part of information security, as it helps to align the security measures and policies with the data’s value and risk. By incorporating data classification into the information architecture, the IT processes can ensure that information security requirements are taken into consideration from the design stage to the implementation stage. References :=

• What is Data Classification? A Data Classification Definition
• What is Sensitive Data? Definition, Examples, and More