CRISCPreview

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?

Which of the following is an administrative control?

Risks to an organization's image are referred to as what kind of risk?

You are the project manager of the NHQ project in Bluewell Inc. The project has an asset valued at $200,000 and is subjected to an exposure factor of 45 percent.
If the annual rate of occurrence of loss in this project is once a month, then what will be the Annual Loss Expectancy (ALE) of the project?

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?

Which of the following statements are true for enterprise's risk management capability maturity level 3?

You are the project manager of GHT project. You have analyzed the risk and applied appropriate controls. In turn, you got residual risk as a result of this. Residual risk can be used to determine which of the following?

Suppose you are working in Company Inc. and you are using risk scenarios for estimating the likelihood and impact of the significant risks on this organization.
Which of the following assessment are you doing?

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

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?

You have identified several risks in your project. You have opted for risk mitigation in order to respond to identified risk. Which of the following ensures that risk mitigation method that you have chosen is effective?

Which of the following will significantly affect the standard information security governance model?

You work as a project manager for BlueWell Inc. You are preparing for the risk identification process. You will need to involve several of the project's key stakeholders to help you identify and communicate the identified risk events. You will also need several documents to help you and the stakeholders identify the risk events. Which one of the following is NOT a document that will help you identify and communicate risks within the project?

You are the project manager of GHT project. Your project utilizes a machine for production of goods. This machine has the specification that if its temperature would rise above 450 degree Fahrenheit then it may result in burning of windings. So, there is an alarm which blows when machine's temperature reaches 430 degree Fahrenheit and the machine is shut off for 1 hour. What role does alarm contribute here?

You are working in an enterprise. Assuming that your enterprise periodically compares finished goods inventory levels to the perpetual inventories in its ERP system. What kind of information is being provided by the lack of any significant differences between perpetual levels and actual levels?

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?

Which of the following control detects problem before it can occur?

Out of several risk responses, which of the following risk responses is used for negative risk events?

Which of the following is MOST important to the effectiveness of key performance indicators (KPIs)?

Which of the following is the BEST indication of an effective risk management program?

After undertaking a risk assessment of a production system, the MOST appropriate action is for the risk manager to:

An organization has granted a vendor access to its data in order to analyze customer behavior. Which of the following would be the MOST effective control to mitigate the risk of customer data leakage?

Which of the following aspects of an IT risk and control self-assessment would be MOST important to include in a report to senior management?

Which of the following role carriers is accounted for analyzing risks, maintaining risk profile, and risk-aware decisions?

When developing a business continuity plan (BCP), it is MOST important to: