ISACA-CRISC

Isaca's CRISC Which of the following is the MOST important reason to maintain key risk indicators (KRIs)?

Isaca's CRISC You are the project manager of a HGT project that has recently finished the final compilation process. The project customer has signed off on the project completion and you have to do few administrative closure activities. In the project, there were several large risks that could have wrecked the project but you and your project team found some new methods to resolve the risks without affecting the project costs or project completion date. What should you do with the risk responses that you have identified during the project's monitoring and controlling process?

Isaca's CRISC You are the project manager of GHT project. You have identified a risk event on your project that could save $100,000 in project costs if it occurs. Which of the following statements BEST describes this risk event?

Isaca's CRISC You are the project manager of a large construction project. This project will last for 18 months and will cost $750,000 to complete. You are working with your project team, experts, and stakeholders to identify risks within the project before the project work begins. Management wants to know why you have scheduled so many risk identification meetings throughout the project rather than just initially during the project planning. What is the best reason for the duplicate risk identification sessions?

Isaca's CRISC You are the risk official in Bluewell Inc. You are supposed to prioritize several risks. A risk has a rating for occurrence, severity, and detection as 4, 5, and 6, respectively. What Risk Priority Number (RPN) you would give to it?

Isaca's CRISC Which of the following is the MOST important use of KRIs?

Isaca's CRISC Which of the following role carriers will decide the Key Risk Indicator of the enterprise?Each correct answer represents a part of the solution. Choose two.

Isaca's CRISC What are the requirements for creating risk scenarios? Each correct answer represents a part of the solution. (Choose three.)

Isaca's CRISC You work as the project manager for Bluewell Inc. Your project has several risks that will affect several stakeholder requirements. Which project management plan will define who will be available to share information on the project risks?

Isaca's CRISC Which of the following controls is an example of non-technical controls?

Isaca's CRISC You are the project manager of GHT project. Your project team is in the process of identifying project risks on your current project. The team has the option to use all of the following tools and techniques to diagram some of these potential risks EXCEPT for which one?

Isaca's CRISC Which of the following BEST describes the utility of a risk?

Isaca's CRISC Which of the following aspect of monitoring tool ensures that the monitoring tool has the ability to keep up with the growth of an enterprise?

Isaca's CRISC You are the project manager in your enterprise. You have identified risk that is noticeable failure threatening the success of certain goals of your enterprise. In which of the following levels do this identified risk exists?

Isaca's CRISC Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes. What is the primary advantage to group risks by common causes during qualitative risk analysis?

Isaca's CRISC Which of the following processes is described in the statement below?"It is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions."

Isaca's CRISC You are an experienced Project Manager that has been entrusted with a project to develop a machine which produces auto components. You have scheduled meetings with the project team and the key stakeholders to identify the risks for your project. Which of the following is a key output of this process?

Isaca's CRISC You are the project manager of GHT project. You have planned the risk response process and now you are about to implement various controls. What you should do before relying on any of the controls?

Isaca's CRISC Which of the following is NOT true for risk management capability maturity level 1?

Isaca's CRISC Which of the following is a technique that provides a systematic description of the combination of unwanted occurrences in a system?

Isaca's CRISC What is the process for selecting and implementing measures to impact risk called?

Isaca's CRISC Which section of the Sarbanes-Oxley Act specifies "Periodic financial reports must be certified by CEO and CFO"?

Isaca's CRISC What is the PRIMARY need for effectively assessing controls?

Isaca's CRISC You work as the project manager for Bluewell Inc. There has been a delay in your project work that is adversely affecting the project schedule. You decide, with your stakeholders' approval, to fast track the project work to get the project done faster. When you fast track the project, what is likely to increase?

Isaca's CRISC David is the project manager of the HRC Project. He has identified a risk in the project, which could cause the delay in the project. David does not want this risk event to happen so he takes few actions to ensure that the risk event will not happen. These extra steps, however, cost the project an additional $10,000. What type of risk response has David adopted?

Isaca's CRISC Which of the following is the MOST important objective of the information system control?

Isaca's CRISC Which of the following is prepared by the business and serves as a starting point for producing the IT Service Continuity Strategy?

Isaca's CRISC For which of the following risk management capability maturity levels do the statement given below is true? "Real-time monitoring of risk events and control exceptions exists, as does automation of policy management"

Isaca's CRISC Which of the following is true for Cost Performance Index (CPI)?

Isaca's CRISC Which of the following do NOT indirect information?