ISACA-CRISC

Isaca's CRISC What are the three PRIMARY steps to be taken to initialize the project?Each correct answer represents a complete solution. (Choose three.)

Isaca's CRISC You are the risk official in Techmart Inc. You are asked to perform risk assessment on the impact of losing a network connectivity for 1 day. Which of the following factors would you include?

Isaca's CRISC Beth is a project team member on the JHG Project. Beth has added extra features to the project and this has introduced new risks to the project work. The project manager of the JHG project elects to remove the features Beth has added. The process of removing the extra features to remove the risks is called what?

Isaca's CRISC While developing obscure risk scenarios, what are the requirements of the enterprise?Each correct answer represents a part of the solution. (Choose two.)

Isaca's CRISC Which of the following items is considered as an objective of the three dimensional model within the framework described in COSO ERM?

Isaca's CRISC Who is at the BEST authority to develop the priorities and identify what risks and impacts would occur if there were loss of the organization's private information?

Isaca's CRISC You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk analysis process for your project. You can use three available tools and techniques to complete this process. Which one of the following is NOT a tool or technique that is appropriate for the quantitative risk analysis process?

Isaca's CRISC You are the project manager of project for a client. The client has promised your company a bonus, if the project is completed early. After studying the project work, you elect to crash the project in order to realize the early end date. This is an example of what type of risk response?

Isaca's CRISC You are the risk professional of your enterprise. You have performed cost and benefit analysis of control that you have adopted. What are all the benefits of performing cost and benefit analysis of control? Each correct answer represents a complete solution. (Choose three.)

Isaca's CRISC What are the steps that are involved in articulating risks? Each correct answer represents a complete solution. (Choose three.)

Isaca's CRISC How residual risk can be determined?

Isaca's CRISC You are elected as the project manager of GHT project. You are in project initialization phase and are busy in defining requirements for your project. While defining requirements you are describing how users will interact with a system. Which of the following requirements are you defining here?

Isaca's CRISC While considering entity-based risks, which dimension of the COSO ERM framework is being referred?

Isaca's CRISC You are the project manager for Bluewell Inc. You are studying the documentation of project plan. The documentation states that there are twenty-five stakeholders with the project. What will be the number of communication channel s for the project?

Isaca's CRISC Which of the following are the common mistakes while implementing KRIs?Each correct answer represents a complete solution. (Choose three.)

Isaca's CRISC Which of the following control audit is performed to assess the efficiency of the productivity in the operations environment?

Isaca's CRISC Billy is the project manager of the HAR Project and is in month six of the project. The project is scheduled to last for 18 months.Management asks Billy how often the project team is participating in risk reassessment in this project. What should Billy tell management if he's following the best practices for risk management?

Isaca's CRISC Della works as a project manager for Tech Perfect Inc. She is studying the documentation of planning of a project. The documentation states that there are twenty- eight stakeholders with the project. What will be the number of communication channels for the project?

Isaca's CRISC Shawn is the project manager of the HWT project. In this project Shawn's team reports that they have found a way to complete the project work cheaply than what was originally estimated earlier. The project team presents a new software that will help to automate the project work. While the software and the associated training costs $25,000 it will save the project nearly $65,000 in total costs. Shawn agrees to the software and changes the project management plan accordingly.What type of risk response had been used by him?

Isaca's CRISC Mike is the project manager of the NNP Project for his organization. He is working with his project team to plan the risk responses for the NNP Project. Mike would like the project team to work together on establishing risk thresholds in the project. What is the purpose of establishing risk threshold?

Isaca's CRISC You are the project manager of the QPS project. You and your project team have identified a pure risk. You along with the key stakeholders, decided to remove the pure risk from the project by changing the project plan altogether. What is a pure risk?

Isaca's CRISC You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your project with your team. How many risk response types are available for a negative risk event in the project?

Isaca's CRISC You are the project manager of your enterprise. You have identified new threats, and then evaluated the ability of existing controls to mitigate risk associated with new threats. You noticed that the existing control is not efficient in mitigating these new risks. What are the various steps you could take in this case?Each correct answer represents a complete solution. (Choose three.)

Isaca's CRISC Kelly is the project manager of the NNQ Project for her company. This project will last for one year and has a budget of $350,000. Kelly is working with her project team and subject matter experts to begin the risk response planning process. What are the two inputs that Kelly would need to begin the plan risk response process?

Isaca's CRISC Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks, and provides a quantitative assessment of the likely cost to complete the scheduled activities?

Isaca's CRISC Which of the following baselines identifies the specifications required by the resource that meet the approved requirements?

Isaca's CRISC A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?

Isaca's CRISC John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?

Isaca's CRISC Which of the following is the MOST effective inhibitor of relevant and efficient communication?

Isaca's CRISC You and your project team are identifying the risks that may exist within your project. Some of the risks are small risks that won't affect your project much if they happen. What should you do with these identified risk events?