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Title: Exam GRCP Collection - GRCP Exam Overviews [Print This Page]

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Title: Exam GRCP Collection - GRCP Exam Overviews
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OCEG GRCP Exam Syllabus Topics:
TopicDetails
Topic 1
  • Perform Component: This subsection emphasizes executing GRC activities and implementing controls to manage risks effectively. A key skill assessed is the ability to perform risk assessments and implement necessary actions.
Topic 2
  • Review Component: This subsection focuses on reviewing and evaluating GRC practices to ensure continuous improvement. A critical skill evaluated is conducting audits and assessments to identify areas for enhancement in governance practices.
Topic 3
  • GRC Capability Model Details: This section of the exam measures the skills of GRC Strategy Makers and covers detailed components of the GRC Capability Model. It includes understanding various elements and practices, key actions, and controls necessary for effective governance, risk management, and compliance.
Topic 4
  • Learn Component: This subsection focuses on the learning aspect of the GRC Capability Model, emphasizing foundational knowledge necessary for effective governance practices. A key skill assessed is understanding basic GRC principles to support strategic initiatives.
Topic 5
  • GRC Key Concepts: This section of the exam measures the skills of GRC Governance Professionals and covers essential concepts related to reliably achieving objectives, addressing uncertainty, and acting with integrity. It also includes an understanding of the Lines of Accountability™ and the Integrated Action & Control Model™, which provide frameworks for governance and risk management. A key skill assessed is the ability to apply these concepts to enhance organizational performance.

OCEG GRC Professional Certification Exam Sample Questions (Q112-Q117):NEW QUESTION # 112
Why is it important to design specific inquiry routines to detect unfavorable events?
Answer: D
Explanation:
Designing specific inquiry routines to detect unfavorable events is critical to identifying and addressing them as soon as possible, minimizing potential harm and enabling timely corrective actions.
Importance of Early Detection:
Reduces the likelihood of escalation or further impact.
Ensures compliance with regulatory and organizational requirements.
Why Inquiry Routines Matter:
Focused inquiry routines allow for systematic identification of risks or issues.
Enhance organizational resilience and responsiveness.
Why Other Options Are Incorrect:
A: The focus is on unfavorable events, not favorable ones.
B: Technology-based methods are an integral part of inquiry routines, not something to avoid.
D: Observations and conversations are complementary to inquiry routines, not replaced by them.
Reference:
ISO 31000 (Risk Management): Emphasizes proactive detection of risks and unfavorable events.
OCEG GRC Capability Model: Discusses inquiry routines as part of a robust detection framework.

NEW QUESTION # 113
What is the difference between an organization that is being "Good" and being a "Principled Performer"?
Answer: D

NEW QUESTION # 114
What are some examples of industry factors that may influence an organization's external context?
Answer: C
Explanation:
Industry factors influencing an organization's external context include elements within the competitive and market environment that impact strategy, operations, and performance.
Key Industry Factors:
New Entrants: Potential competitors entering the market can disrupt established dynamics.
Competitors: Existing market players directly affect competitive positioning and market share.
Suppliers: Influence cost structures, supply chain stability, and material availability.
Customers: Drive demand and influence product or service offerings.
Why Other Options Are Incorrect:
A: Product development and branding are internal factors, not external industry factors.
B: Political involvement of competitors is an external political or regulatory factor, not an industry-specific one.
D: New technologies are external technological factors, not strictly industry-related.
Reference:
Porter's Five Forces Framework: Highlights industry forces, including new entrants, competitors, suppliers, and customers.
ISO 31000 (Risk Management): Discusses external context considerations, including industry-specific factors.

NEW QUESTION # 115
How does the IACM address unfavorable events related to obstacles?
Answer: C
Explanation:
The Integrated Actions and Controls Model (IACM) addresses obstacles by reducing the likelihood and impact of harm through effective actions and controls.
Risk Mitigation:
Identify potential obstacles and implement measures to decrease their probability.
Minimize the negative impact of these events if they occur.
Examples:
Strengthening internal controls to prevent fraud.
Enhancing cybersecurity measures to reduce data breach risks.
Why Other Options Are Incorrect:
A: Opportunities relate to positive outcomes, not obstacles.
C: Organizational structure is unrelated to addressing obstacles.
D: Employee satisfaction surveys are not directly tied to managing obstacles.
Reference:
OCEG IACM Framework: Highlights reducing harm as a critical approach to handling obstacles.
ISO 31000 (Risk Management): Supports mitigating likelihood and impact of risks.

NEW QUESTION # 116
What type of incentives include appreciation, status, and professional development?
Answer: A
Explanation:
Non-Economic incentivesare non-financial rewards that motivate individuals by offering recognition, career growth, and personal fulfillment.
* Examples of Non-Economic Incentives:
* Appreciation: Public acknowledgment or awards for achievements.
* Status: Titles, promotions, or roles that elevate an individual's standing.
* Professional Development: Opportunities for learning, training, and career advancement.
* Why Other Options Are Incorrect:
* A: Economic incentives involve direct financial rewards.
* B: Contractual incentives pertain to obligations within formal agreements.
* C: Personal incentives focus on individual preferences but are not synonymous with non- economic incentives.
References:
* OCEG GRC Capability Model: Highlights non-economic incentives in promoting employee satisfaction.
* Employee Engagement Strategies: Discuss non-financial motivators like recognition and development.

NEW QUESTION # 117
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