In the IT Risk Assessment domain, it covers roughly 28% of the CRISC Syllabus and here you’ll learn how to analyse and evaluate IT risk. Moreover, doing so will enable you to determine the likelihood and impact of the risks on business objectives and make effective risk-based decisions for the benefit of the organization.
Analysis and evaluation of risk scenarios is a primary feature of this domain since it enables you to determine probability and damage extent a specific risk would cause. You are also assessed on your ability to identify the status quo of existing Information System controls and if they are effective in mitigating IT risk.
You will also learn how to review the results of risk and control, assess any shortcomings presented on the existing environment. You will also learn to assign correct risk ownership for accountability and communicate these results to senior management and stakeholders. This domain also shows you how to update the risk register regularly.