[Free] 2017(Jan) EnsurePass Testking IBM M2020-624 Dumps with VCE and PDF 11-20

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IBM Risk Analytics for Governance Risk and Compliance Sales Mastery Test v1

Question No: 11

IBM OpenPages solutions enable customers to manage risk and compliance initiatives across the enterprise.

Which one of the following is a feature of the IBM OpenPages GRC Platform?

  1. Optimize business performance

  2. Change customers existing methodology

  3. Predictive analytics framework

  4. XBRL reporting

Answer: A

Reference:http://www-03.ibm.com/software/products/en/openpages-grc-platform/

Question No: 12

OpenPages GRC can be extended to address other areas of risk and complianceinitiatives.

What functional areas or processes could buyers benefit from when using the OpenPages GRC Platform?

  1. Vendor risk management, business continuity management

  2. Credit risk, liquidity risk

  3. Human resources, expense reporting

  4. IT governance, marketing campaigns

Answer: A

Question No: 13

The Enterprise Governance, Risk and Compliance (EGRC) platform market derives from the need for entities to improve the oversight of corporate governance.

What is one definition of EGRC?

  1. The state or fact of according with or meeting rules and standards.

  2. A risk arising from execution of a company#39;s business functions.

  3. The management, measurement, remediation and reporting of controls and risks against objectives in accordance with rules, regulations, standards, policies and business decisions.

  4. A set of agreements set by the Basel committee on Bank Supervision, which provides recommendations on banking regulations to capital.

Answer: C

Question No: 14

Which one of the following capabilities is NOT necessary for a fully scalable integrated risk and compliance management solution?

  1. Document management and workflow

  2. Issue remediation, integrated dashboards and dimensional reporting

  3. Disparate systems and reporting

  4. Surveys, assessments and key metrics

Answer: D

Question No: 15

Which of the following statements is a principle of GRC convergence?

  1. Requires collaboration and coordination.

  2. Enables the client to assess risks many times and satisfy few.

  3. Is a natural occurrence in any organization.

  4. Has no impact on the culture or theorganization.

Answer: B

Question No: 16

Which statement reflects one of the benefits of the IBM OpenPages GRC platform?

  1. OpenPages provides a method to calculate Monte Carlo based calculations to assess risks.

  2. Empowers IT to be the focal point of all decision making activities with in the organization.

  3. OpenPages provides static reports which can be used by all.

  4. Empowers decision makers with scalable interactive reporting, decision support, and forecasting tools.

Answer: D

Reference:http://www.sempreanalytics.com/files/IBM_OpenPages_GRC_Platform.pdf(4th bullet on the page)

Question No: 17

What roles are held within and organization by the primary buyers of Governance. Risk and Compliance (GRC) solutions?

  1. IT Managers, Customer Support Managers

  2. Chief Risk Officer (CRO), Chief Compliance Officer (CCO), Chief Information Officer (CIO), Chief Financial Officer (CFO)

  3. Human resource manager

  4. Marketing Director

Answer: B

Question No: 18

What are the key trends that drive Governance, Risk andComplianceinitiatives?

  1. Regulatory oversights and risk quantification

  2. Lack of visibility into risk exposure

  3. Decreasing governance demands

  4. Siloed risk and compliance initiatives

Answer: D

Question No: 19

OpenPages PCM is a critical component of implementing an enterprise-wide governance and risk framework.

Which benefit can be found within OpenPages PCM?

  1. Provides the compliance team with the ability to view and monitor overall organizational compliance posture in single dimensions.

  2. Provides a static approach to compliance that with standardized procedures and naming conventions.

  3. Delivers static reports that can be used to ensure compliance risks are understood and guarantee that issues are remediated quickly.

  4. Provides the compliance team with the ability to view and monitor overall organizational compliance posture in multiple dimensions.

Answer: A

Reference:http://www.nexdimension.net/wp-content/uploads/2013/04/ibm-openpages- policy-compliance-management-government-regulatory.pdf(page 2, see the table, 3rdrow, 3rdcolumn)

Question No: 20

What is one benefit formaintaininga centralized library of laws, regulations, and best practices?

  1. Harmonized compliance programs for departments and focus areas to promote a standardized and efficient compliance approach

  2. Unstructured documentation and remediation of regulatory requirements

  3. Non standard compliance for all regulations to deliver a holistic understanding of all compliance risks

  4. De-centralized repository for managing and synchronizing governance with multiple regulations

Answer: A

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