Isaca CGEIT Dumps Questions Answers

A data classification policy is a set of rules and standards that define how data is categorized and labeled according to its sensitivity, value, and criticality for the organization1. An effective data classification policy helps to ensure that data is properly protected, accessed, and managed throughout its lifecycle2. The best way to support the implementation of an effective data classification policy is to have clear guidelines adopted by the business, because they provide a common understanding and framework for data owners, stewards, and users to classify and handle data according to the business context and requirements3. Clear guidelines also help to ensure consistency, compliance, and accountability for data classification across the organization4.

References :=

• Data Classification Policy | Information Security Office
• Data Governance and Classification Policy - University of Cincinnati
• Data governance processes - Cloud Adoption Framework
• Data classification in the Microsoft Purview governance portal

The best way for IT to prepare for a transformation initiative by leveraging emerging technology that will have a significant impact on existing products and services is to assess the impact on the existing IT strategy. An IT strategy is a plan that defines how IT will support the business strategy and objectives, and how IT will deliver value to the enterprise1. By assessing the impact of the emerging technology on the existing IT strategy, IT can determine whether the current IT vision, mission, goals, and capabilities are aligned with the transformation initiative, and whether they need to be revised or updated2. Assessing the impact of the emerging technology on the existing IT strategy also helps IT to identify and prioritize the opportunities, challenges, and risks that the emerging technology may bring, and to develop appropriate solutions and responses3. Assessing the impact of the emerging technology on the existing IT strategy also helps IT to communicate and collaborate with the business stakeholders, and to ensure that the IT investments are aligned with the business needs and expectations4.

References := IT Strategy: What is it?, How to create an effective IT strategy in 2022, Emerging Technology Strategy: A Guide for CIOs, Maximizing Emerging Technology Adoption Benefits - Gartner

A procurement manager should agree to purchase IT equipment from a specific vendor during a sales promotion only if the equipment adds value to the enterprise. This means that the equipment supports the business goals and objectives, meets the current and future needs of the stakeholders, and delivers benefits that outweigh the costs and risks. The procurement manager should also consider the quality, reliability, compatibility, and security of the equipment, as well as the vendor’s reputation, service level, and warranty.

The other options are not the best justification for a procurement manager to agree to purchase IT equipment from a specific vendor during a sales promotion. The IT benefit surpasses the business benefit from the purchase is not a valid justification, as it implies that the IT department’s interests are more important than the enterprise’s interests. The procurement manager should align the IT strategy with the business strategy and ensure that the IT equipment supports the enterprise value creation. The business profit surpasses the IT cost for the equipment is not a sufficient justification, as it does not account for other factors such as quality, performance, functionality, and risk of the equipment. The procurement manager should evaluate the total cost of ownership (TCO) and return on investment (ROI) of the IT equipment, not just the initial purchase price. The product is offered at the lowest price is not a convincing justification, as it does not guarantee that the equipment is suitable for the enterprise’s needs and expectations. The procurement manager should not compromise on quality, functionality, or security for a lower price.

For more information on IT procurement and value creation, you can refer to these web sources:

• IT Procurement Manager Job Description w/ Role & Responsibilities
• IT Governance: Definitions, Frameworks and Planning
• What is Governance in Procurement? Its Model
• What is IT governance? A formal way to align IT & business strategy