The First Phase of IS Monitoring and Maintenance Process

B.

Following are the phases that are involved in Information system monitoring and maintenance: -> Prioritize risk: The first phase involves the prioritization of risk which in turn involves following task: - Analyze and prioritize risks to organizational objectives.

- Identify the necessary application components and flow of information through the system.

- Examine and understand the functionality of the application by reviewing the application system documentation and interviewing appropriate personnel.

-> Identify controls: After prioritizing risk now the controls are identified, and this involves following tasks: - Key controls are identified across the internal control system that addresses the prioritized risk.

- Applications control strength is identified.

- Impact of the control weaknesses is being evaluated.

- Testing strategy is developed by analyzing the accumulated information.

-> Identify information: Now the IS control information should be identified: - Identify information that will persuasively indicate the operating effectiveness of the internal control system.

- Observe and test user performing procedures.

-> Implement monitoring: Develop and implement cost-effective procedures to evaluate the persuasive information.

-> Report results: After implementing monitoring process the results are being reported to relevant stakeholders.

Incorrect Answers: A, C, D: These all phases occur in IS monitoring and maintenance process after prioritizing risks.

The FIRST phase of the Information Systems (IS) monitoring and maintenance process is the identification of controls. This phase involves identifying and documenting the controls that have been implemented within the IS environment to ensure that they are functioning effectively.

Identifying controls involves a thorough review of the organization's policies, procedures, and other documentation related to information security. This review can help identify the controls that are in place to protect the confidentiality, integrity, and availability of information.

Once the controls have been identified, they can be evaluated to ensure that they are effective in mitigating the risks associated with the organization's information systems. This evaluation may involve testing the controls, reviewing audit logs, or conducting interviews with system users.

After the controls have been identified and evaluated, the organization can develop a plan for implementing monitoring activities to ensure that the controls continue to function effectively. This may involve implementing automated monitoring tools, conducting periodic reviews of control effectiveness, or other activities to ensure that the controls remain effective over time.

Prioritizing risks and reporting results are important activities in the IS monitoring and maintenance process, but they typically occur after the identification of controls. Prioritizing risks helps the organization determine which controls are most important to monitor and maintain, while reporting results helps to communicate the effectiveness of the monitoring and maintenance activities to stakeholders.