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Title: Valid GRCP Exam Syllabus & New GRCP Dumps Sheet [Print This Page]
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Title: Valid GRCP Exam Syllabus & New GRCP Dumps Sheet
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OCEG GRCP Exam Syllabus Topics:
TopicDetails
Topic 1
  • 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 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
  • 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 4
  • Align Component: This subsection covers aligning GRC practices with organizational objectives and regulatory requirements. A vital skill evaluated is the ability to integrate GRC processes into business operations effectively.
Topic 5
  • 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.

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OCEG GRC Professional Certification Exam Sample Questions (Q77-Q82):NEW QUESTION # 77
Who are key external stakeholders that may significantly influence an organization?
Answer: B
Explanation:
Key external stakeholders include those who have significant influence over the organization's operations, strategy, and outcomes, such ascustomers, shareholders, creditors and lenders, government, and NGOs.
* External Stakeholder Roles:
* Customers: Drive revenue and product/service demand.
* Shareholders: Provide capital and influence strategic decisions.
* Creditors and Lenders: Affect financing and liquidity.
* Government and NGOs: Set regulatory frameworks and advocate for societal priorities.
* Why Other Options Are Incorrect:
* A: Distributors and resellers are part of supply chain stakeholders, not key external influencers.
* B: Employees and board members are internal stakeholders.
* C: Marketing agencies and auditors are third-party service providers, not primary external stakeholders.
References:
* Stakeholder Management Standards (ISO 26000): Discusses key stakeholder identification.
* COSO Framework: Emphasizes the importance of external stakeholder engagement in risk management and governance.

NEW QUESTION # 78
What is the term used to describe the level of risk in the absence of actions and controls?
Answer: A
Explanation:
Inherent Risk refers to the level of risk present before any mitigation actions or controls are applied.
Definition:
It represents the natural level of risk associated with an activity or environment without considering risk management measures.
Contrasted with Residual Risk:
Residual Risk is the risk remaining after mitigation efforts are applied.
Why Other Options Are Incorrect:
A (Uncontrolled Risk): Not a standard risk management term.
C (Vulnerability): Refers to weaknesses that increase susceptibility to risk, not the risk level itself.
D (Residual Risk): Comes after controls are applied, opposite to inherent risk.
Reference:
COSO ERM Framework: Discusses inherent risk as a baseline for evaluating control effectiveness.
ISO 31000 (Risk Management): Explains inherent risk in the context of risk assessments.

NEW QUESTION # 79
In the context of uncertainty, what is the difference between likelihood and impact?
Answer: B
Explanation:
Likelihoodandimpactare key factors in evaluating uncertainty, especially in the context of risk and reward.
* Likelihood:
* Measures theprobabilityor chance of an event occurring.
* Example: The likelihood of a data breach based on historical trends.
* Impact:
* Measures theeconomic and non-economic consequencesof the event.
* Examples: Financial losses, reputational damage, or operational disruptions.
* Why Other Options Are Incorrect:
* A: Impact refers to consequences, not the location of the event.
* B: Impact is not limited to categories; it involves actual consequences.
* D: Likelihood considers controls but is not exclusively post-control.
References:
* ISO 31000 (Risk Management): Defines likelihood and impact as fundamental components of risk assessment.
* COSO ERM Framework: Emphasizes assessing both likelihood and impact in risk evaluation.

NEW QUESTION # 80
What is the difference between an organization that is being "Good" and being a "Principled Performer"?
Answer: A
Explanation:
The distinction between being "Good" and being a "Principled Performer" lies in the approach and framework used to meet objectives, irrespective of whether the objectives are considered "good" or "bad" by society.
"Good" vs. "Principled Performer":
"Good" is a subjective measure based on societal norms, values, or preferences.
A "Principled Performer", however, aligns its objectives and operations with ethical practices, risk management, compliance, and governance, irrespective of societal perceptions.
Definition of a Principled Performer:
The term originates from OCEG's Principled Performance model, which emphasizes the achievement of objectives with integrity, accountability, and foresight.
Organizations that ensure their processes and decisions meet defined principles of performance, even under external pressures, qualify as "Principled Performers." Misconceptions Debunked:
Option B is incorrect because "Principled Performers" do not necessarily align with what society perceives as "Good." Option C is incorrect as it equates two fundamentally different concepts.
Option D is irrelevant, as charity is not a determining factor of principled performance.
Reference:
OCEG's GRC Capability Model: Defines the characteristics of Principled Performance and how it differs from subjective notions of "Good." Ethics and Compliance Standards (ISO 37301): Demonstrates the operationalization of principles within organizations.
NIST RMF and COSO ERM Frameworks: Discuss how principled approaches are embedded into risk and governance processes.

NEW QUESTION # 81
How can organizations encourage the occurrence of positive events while preventing negative ones?
Answer: C
Explanation:
Organizations can encourage positive events and prevent negative ones by implementingproactive actions and controls. Proactive controls arepreventive measuresdesigned to address risks and opportunitiesbefore they occur, reducing the likelihood of undesirable outcomes and increasing the probability of achieving organizational objectives.
Key Aspects of Proactive Actions and Controls:
* Prevention Focus:
* Proactive controls mitigate risks by addressing vulnerabilities and root causes.
* Example: Regular security audits to prevent data breaches.
* Encouraging Positive Outcomes:
* Proactive controls also identify opportunities and create conditions that increase the likelihood of achieving desirable results.
* Example: Implementing reward systems to encourage employee innovation.
* Early Identification:
* Proactive actions help organizations identify risks and opportunities early, providing time to act effectively.
Why Option A is Correct:
Proactive actions and controls aredesigned to prevent negative eventsandpromote positive ones, making them the most effective way to achieve this goal.
Why the Other Options Are Incorrect:
* B. Employee training and follow-up: While training is an important part of proactive measures, it is not sufficient on its own to encourage positive events or prevent negative ones.
* C. Using financial actions and controls: Financial controls focus on budgets and resources but do not inherently address broader risks and opportunities.
* D. Relying on responsive actions and controls: Responsive controls address events after they occur, rather than preventing or encouraging outcomes proactively.
References and Resources:
* ISO 31000:2018- Highlights the role of proactive risk treatment and opportunity management.
* COSO ERM Framework- Discusses preventive and proactive actions for achieving objectives.
* NIST Cybersecurity Framework (CSF)- Recommends proactive controls for addressing risks.

NEW QUESTION # 82
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