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Oracle Risk Management Cloud 2023 Implementation Professional Sample Questions:
1. You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?
A) Clustering
B) Mean
C) Pareto
D) Anomaly Detection
E) Absolute Deviation
2. Your client has three operating units.
What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)
A) In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
B) Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.
C) In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.
D) In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
E) Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.
3. How do you populate the Control Method field with a new custom value, such as a third-party application'?
A) Use Lookup Type of the new lookup value.
B) Use Lookup Meaning of the new lookup value.
C) Enter the new value directly in the Control method field.
D) Use Lookup Code of the new lookup value.
4. During an assessment, an issue was created. Your job as the Issue Manager is to review the issues and validate them. If it is determined that they are not valid issues, you need to close them. You have found an issue that is not valid and with Status: Open and State: Reported.
Identify the correct step to close this issue.
A) On the Manage Issues page, highlight the issue and click the Close button.
B) The assessment associated to the issue must be completed before closing the issue. Only then can you close the issue.
C) Ensure that the issue status is In Edit, and then from the Actions menu, select Close Issue.
D) After you have completed the remediation plan, click the Close button on the Remediation Plan page.
5. A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?
A) New controls must always be reviewed, irrespective of security configuration.
B) This user is not a Control Approver; therefore, the status will be "In Review."
C) The Control Approver role has been assigned to some users.
D) The Control Reviewer role has been assigned to some users.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,B | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |







