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Question 1:

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

A. In order to avoid risk

B. Complex metrics require fine-tuning

C. Risk reports need to be timely

D. Threats and vulnerabilities change over time

Correct Answer: D

Question 2:

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?

A. Include the responses in the project management plan.

B. Include the risk responses in the risk management plan.

C. Include the risk responses in the organization\’s lessons learned database.

D. Nothing. The risk responses are included in the project\’s risk register already.

Correct Answer: C

Question 3:

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?

A. This risk event should be mitigated to take advantage of the savings.

B. This is a risk event that should be accepted because the rewards outweigh the threat to the project.

C. This risk event should be avoided to take full advantage of the potential savings.

D. This risk event is an opportunity to the project and should be exploited.

Correct Answer: D

Question 4:

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?

A. The iterative meetings allow all stakeholders to participate in the risk identification processes throughout the project phases.

B. The iterative meetings allow the project manager to discuss the risk events which have passed the project and which did not happen.

C. The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.

D. The iterative meetings allow the project manager to communicate pending risks events during project execution.

Correct Answer: C

Question 5:

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?

A. 120

B. 100

C. 15

D. 30

Correct Answer: A

CRISC VCE DumpsCRISC Practice TestCRISC Study Guide

Question 6:

Which of the following is the MOST important use of KRIs?

A. Providing a backward-looking view on risk events that have occurred

B. Providing an early warning signal

C. Providing an indication of the enterprise\’s risk appetite and tolerance

D. Enabling the documentation and analysis of trends

Correct Answer: B

Question 7:

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?

A. Resource Management Plan

B. Risk Management Plan

C. Stakeholder management strategy

D. Communications Management Plan

Correct Answer: D

Question 8:

Which of the following controls is an example of non-technical controls?

A. Access control

B. Physical security

C. Intrusion detection system

D. Encryption

Correct Answer: B

Question 9:

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?

A. Process flowchart

B. Ishikawa diagram

C. Influence diagram

D. Decision tree diagram

Correct Answer: D

Question 10:

Which of the following BEST describes the utility of a risk?

A. The finance incentive behind the risk

B. The potential opportunity of the risk

C. The mechanics of how a risk works

D. The usefulness of the risk to individuals or groups

Correct Answer: D

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