Certified Governance Risk and Compliance (CGRC) Practice Exam 2025 - Free CGRC Practice Questions and Study Guide

The technique that best illustrates the interrelationship of system elements in risk identification is the use of system or process flowcharts. Flowcharts are effective in mapping out the processes within a system, allowing one to visualize the steps involved, the various decision points, and the sequence of activities. This clarity helps in identifying potential risks at each stage of the process, as it highlights where things could go wrong or where vulnerabilities may exist.

In risk identification, understanding how different elements interact within a system is crucial. Flowcharts facilitate this understanding by providing a structured visual representation. They also help stakeholders see the dependencies between processes, which can aid in risk assessment and mitigation planning.

Other techniques may serve different purposes; for example, cause and effect diagrams are primarily used to identify potential causes of problems. Predecessor and successor diagramming focuses on task relationships in project management rather than risk specifically. Influence diagrams can depict decisions and their consequences but may not capture the interconnections of system elements as effectively as flowcharts do in the context of risk identification.