CRISC: Certified in Risk and Information Systems ControlDemo

Question

John is the project manager for his company’s HGH Project. He and the project team have agreed that, if the vendor is more than ten days late, they will cancel the order and hire the NBG Company to fulfill it. The NBG Company can guarantee orders within three days, but its products cost significantly more than those of the current vendor. What type of response is John using?

A Contingent response strategy
B Risk avoidance
C Risk mitigation
D Expert judgment

Explanation

A contingent response strategy defines an alternative action to be taken if a specified risk trigger occurs. Cancelling the late vendor’s order and switching to NBG after a delay of more than ten days is a preplanned fallback response.

CRISC: Certified in Risk and Information Systems ControlDemo

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Notes

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