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Question 1:
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 2:
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 3:
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
Question 4:
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 5:
Which of the following role carriers will decide the Key Risk Indicator of the enterprise? Each correct answer represents a part of the solution. Choose two.
A. Business leaders
B. Senior management
C. Human resource
D. Chief financial officer
Correct Answer: AB
CRISC VCE DumpsCRISC Practice TestCRISC Braindumps
Question 6:
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 7:
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
Question 8:
Which of the following aspect of monitoring tool ensures that the monitoring tool has the ability to keep up with the growth of an enterprise?
A. Scalability
B. Customizability
C. Sustainability
D. Impact on performance
Correct Answer: A
Question 9:
You are the project manager in your enterprise. You have identified risk that is noticeable failure threatening the success of certain goals of your enterprise. In which of the following levels do this identified risk exists?
A. Moderate risk
B. High risk
C. Extremely high risk
D. Low risk
Correct Answer: A
Question 10:
Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes. What is the primary advantage to group risks by common causes during qualitative risk analysis?
A. It helps the project team realize the areas of the project most laden with risks.
B. It assist in developing effective risk responses.
C. It saves time by collecting the related resources, such as project team members, to analyze the risk events.
D. It can lead to the creation of risk categories unique to each project.
Correct Answer: B
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