Isaca's CRISC Fred is the project manager of a large project in his organization. Fred needs to begin planning the risk management plan with the project team and key stakeholders. Which plan risk management process tool and technique should Fred use to plan risk management?
#61
Answer: C✅ Correct❌ Incorrect
Isaca's CRISC Marie has identified a risk event in her project that needs a mitigation response. Her response actually creates a new risk event that must now be analyzed and planned for. What term is given to this newly created risk event?
#62
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC Which one of the following is the only output for the qualitative risk analysis process?
#63
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC You are the risk official of your enterprise. You have just completed risk analysis process. You noticed that the risk level associated with your project is less than risk tolerance level of your enterprise. Which of following is the MOST likely action you should take?
#64
Answer: C✅ Correct❌ Incorrect
Isaca's CRISC Which of the following operational risks ensures that the provision of a quality product is not overshadowed by the production costs of that product?
#65
Answer: D✅ Correct❌ Incorrect
Isaca's CRISC Mary is the project manager for the BLB project. She has instructed the project team to assemble, to review the risks. She has included the schedule management plan as an input for the quantitative risk analysis process. Why is the schedule management plan needed for quantitative risk analysis?
#66
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC Which of the following control detects problem before it can occur?
#67
Answer: D✅ Correct❌ Incorrect
Isaca's CRISC You are working as the project manager of the ABS project. The project is for establishing a computer network in a school premises. During the project execution, the school management asks to make the campus Wi-Fi enabled. You know that this may impact the project adversely. You have discussed the change request with other stakeholders. What will be your NEXT step?
#68
Answer: C✅ Correct❌ Incorrect
Isaca's CRISC Risks to an organization's image are referred to as what kind of risk?
#69
Answer: D✅ Correct❌ Incorrect
Isaca's CRISC Which of the following are external risk factors?Each correct answer represents a complete solution. (Choose three.)
#70
Answer: A✅ Correct❌ Incorrect
Isaca's CRISC Which of the following is NOT true for risk governance?
#71
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC What are the various outputs of risk response? E. Risk-related contract decisions
#72
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC Which of the following is an output of risk assessment process?
#73
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC Which of the following statements are true for risk communication? Each correct answer represents a complete solution. (Choose three.)
#74
Answer: A✅ Correct❌ Incorrect
Isaca's CRISC You are completing the qualitative risk analysis process with your project team and are relying on the risk management plan to help you determine the budget, schedule for risk management, and risk categories. You discover that the risk categories have not been created. When the risk categories should have been created?
#75
Answer: C✅ Correct❌ Incorrect
Isaca's CRISC Using which of the following one can produce comprehensive result while performing qualitative risk analysis?
#76
Answer: A✅ Correct❌ Incorrect
Isaca's CRISC Which of the following is the BEST method for discovering high-impact risk types?
#77
Answer: C✅ Correct❌ Incorrect
Isaca's CRISC Which of the following is MOST appropriate method to evaluate the potential impact of legal, regulatory, and contractual requirements on business objectives?
#78
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC There are four inputs to the Monitoring and Controlling Project Risks process. Which one of the following will NOT help you, the project manager, to prepare for risk monitoring and controlling?
#79
Answer: D✅ Correct❌ Incorrect
Isaca's CRISC One of the risk events you've identified is classified as force majeure. What risk response is likely to be used?
#80
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC You are the project manager of GHT project. You have applied certain control to prevent the unauthorized changes in your project. Which of the following control you would have applied for this purpose?
#81
Answer: C✅ Correct❌ Incorrect
Isaca's CRISC Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?
#82
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC Which of the following actions assures management that the organization's objectives are protected from the occurrence of risk events?
#83
Answer: A✅ Correct❌ Incorrect
Isaca's CRISC You are working as a project manager in Bluewell Inc. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control?
#84
Answer: D✅ Correct❌ Incorrect
Isaca's CRISC You are the project manager of HGT project. You are in the first phase of the risk response process and are doing following tasks :Communicating risk analysis resultsReporting risk management activities and the state of complianceInterpreting independent risk assessment findingsIdentifying business opportunitiesWhich of the following process are you performing?
#85
Answer: A✅ Correct❌ Incorrect
Isaca's CRISC Which of the following BEST measures the operational effectiveness of risk management capabilities?
#86
Answer: D✅ Correct❌ Incorrect
Isaca's CRISC You are the risk control professional of your enterprise. You have implemented a tool that correlates information from multiple sources. To which of the following do this monitoring tool focuses?
#87
Answer: A✅ Correct❌ Incorrect
Isaca's CRISC Which of the following guidelines should be followed for effective risk management?Each correct answer represents a complete solution. (Choose three.)
#88
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC According to the Section-302 of the Sarbanes-Oxley Act of 2002, what does certification of reports implies? Each correct answer represents a complete solution.(Choose three.)
#89
Answer: B✅ Correct❌ Incorrect
Isaca's CRISC Thomas is a key stakeholder in your project. Thomas has requested several changes to the project scope for the project you are managing.Upon review of the proposed changes, you have discovered that these new requirements are laden with risks and you recommend to the change control board that the changes be excluded from the project scope. The change control board agrees with you. What component of the change control system communicates the approval or denial of a proposed change request?