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?
Answer(s): A
When you are hiring a third party to own risk, it is known as transference risk response.Risk transfer means that impact of risk is reduced by transferring or otherwise sharing a portion of the risk with an external organization or another internal entity. Transfer of risk can occur in many forms but is most effective when dealing with financial risks. Insurance is one form of risk transfer.Incorrect Answers:B: The act of spending money to reduce a risk probability and impact is known as mitigation.C: When extra activities are introduced into the project to avoid the risk, this is an example of avoidance.D: Exploit is a strategy that may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized.
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?
The activity duration estimates review is valuable 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.Incorrect Answers:B: The activity cost estimates review is valuable in identifying risks as it provides a quantitative assessment of the expected cost to complete scheduled activities and is expressed as a range, with a width of the range indicating the degrees of risk.C: A Risk management plan is a document arranged by a project manager to estimate the effectiveness, predict risks, and build response plans to mitigate them. It also consists of the risk assessment matrix.D: It describes how the schedule contingencies will be reported and assessed.
Which of the following events refer to loss of integrity?Each correct answer represents a complete solution. Choose three.
Answer(s): B,C,D
Loss of integrity refers to the following types of losses:An e-mail message is modified in transit A virus infects a file Someone makes unauthorized changes to a Web siteIncorrect Answers:A: Someone sees company's secret formula or password comes under loss of confidentiality.
Which of the following should be PRIMARILY considered while designing information systems controls?
Answer(s): C
Review of the enterprise's strategic plan is the first step in designing effective IS controls that would fit the enterprise's long-term plans.Incorrect Answers:A: The IT strategic plan exists to support the enterprise's strategic plan but is not solely considered while designing information system control.B: Review of the existing IT environment is also useful and necessary but is not the first step that needs to be undertaken.D: The present IT budget is just one of the components of the strategic plan.
Which of the following is the MOST effective inhibitor of relevant and efficient communication?
Blame culture should be avoided. It is the most effective inhibitor of relevant and efficient communication. In a blame culture, business units tend to point the finger at IT when projects are not delivered on time or do not meet expectations. In doing so, they fail to realize how the business unit's involvement up front affects project success. In extreme cases, the business unit may assign blame for a failure to meet the expectations that the unit never clearly communicated. Executive leadership must identify and quickly control a blame culture if collaboration is to be fostered throughout the enterprise.Incorrect Answers:A: This is the consequence of poor risk communication, not the inhibitor of effective communication.B: This is the consequence of poor risk communication, not the inhibitor of effective communication.D: Misalignment between real risk appetite and translation into policies is an inhibitor of effective communication, but is not a prominent as existence of blame culture.
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answer to question 72 is d [sys_user_role]
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answer 10 should be a because only a new project will be created & the organization is the same.
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