Exam GRCP Topic 2 Question 117 Discussion

Actual exam question for OCEG's GRCP exam
Question #: 117
Topic #: 2

What is the role of identification criteria?

A. Identification criteria are used to determine the order in which units undertake identification activities. B. Identification criteria are used to calculate the total budget for the organization based on priority objectives and the number of related obstacles and obligations. C. Identification criteria are used to focus on priority objectives and results. D. Identification criteria are used to establish the communication channels within the organization regarding opportunities, obstacles, and obligations.

Suggested Answer: C Vote an answer

Identification criteriaare tools used to guide the identification of elements critical to achieving objectives, such as opportunities, obstacles, and obligations.
* Purpose of Identification Criteria:
* Focus efforts onpriority objectivesand results that align with organizational goals.
* Streamline the identification process to ensure efficiency and relevance.
* Examples:
* Criteria may include relevance to strategic objectives, potential impact, and urgency.
* Why Other Options Are Incorrect:
* A: Criteria are not about sequencing identification activities.
* B: They do not directly calculate budgets but may inform resource allocation.
* D: Establishing communication channels is a separate organizational function.
References:
* OCEG GRC Capability Model: Highlights criteria to prioritize objectives and results inidentification processes.
* ISO 31000 (Risk Management): Discusses criteria for identifying risks and opportunities.

by Alva at Jan 25, 2025, 04:22 AM

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