Which of the following processes addresses the risks by their priorities, schedules the project management plan as required, and inserts resources and activities into the budget?
Answer(s): B
The plan risk response project management process aims to reduce the threats to the project objectives and to increase opportunities. It follows the perform qualitative risk analysis process and perform quantitative risk analysis process. Plan risk response process includes the risk response owner to take the job for each agreed- to and funded risk response. This process addresses the risks by their priorities, schedules the project management plan as required, and inserts resources and activities into the budget. The inputs to the plan risk response process are as follows:Risk registerRisk management planIncorrect Answers:A: Monitor and Control Risk is the process of implementing risk response plans, tracking identified risks, monitoring residual risk, identifying new risks, and evaluating risk process effectiveness throughout the project. It can involve choosing alternative strategies, executing a contingency or fallback plan, taking corrective action, and modifying the project management plan.C: Identify Risks is the process of determining which risks may affect the project. It also documents risks' characteristics. The Identify Risks process is part of the Project Risk Management knowledge area. As new risks may evolve or become known as the project progresses through its life cycle, Identify Risks is an iterative process. The process should involve the project team so that they can develop and maintain a sense of ownership and responsibility for the risks and associated risk response actions. Risk Register is the only output of this process.D: Qualitative analysis is the definition of risk factors in terms of high/medium/low or a numeric scale (1 to 10). Hence it determines the nature of risk on a relative scale.Some of the qualitative methods of risk analysis are:Scenario analysis- This is a forward-looking process that can reflect risk for a given point in time.Risk Control Self -assessment (RCSA) - RCSA is used by enterprises (like banks) for the identification and evaluation of operational risk exposure. It is a logical first step and assumes that business owners and managers are closest to the issues and have the most expertise as to the source of the risk. RCSA is a constructive process in compelling business owners to contemplate, and then explain, the issues at hand with the added benefit of increasing their accountability.
Out of several risk responses, which of the following risk responses is used for negative risk events?
Answer(s): D
Among the given choices only Acceptance response is used for negative risk events. Risk acceptance means that no action is taken relative to a particular risk; loss is accepted if it occurs. If an enterprise adopts a risk acceptance, it should carefully consider who can accept the risk. Risk should be accepted only by senior management in relationship with senior management and the board. There are two alternatives to the acceptance strategy, passive and active.Passive acceptance means that enterprise has made no plan to avoid or mitigate the risk but willing to accept the consequences of the risk.Active acceptance is the second strategy and might include developing contingency plans and reserves to deal with risks.Incorrect Answers:A, B, C: These all are used to deal with opportunities or positive risks, and not with negative risks.
Which of the following is the MOST critical security consideration when an enterprise outsource is major part of IT department to a third party whose servers are in foreign company?
Answer(s): C
Laws and regulations of the country of origin may not be enforceable in foreign country and conversely, it is also true that laws and regulations of the foreign outsourcer may also impact the enterprise. Hence violation of applicable laws may not be recognized or rectified due to lack of knowledge of the local laws.Incorrect Answers:A: Security breach notification is not a problem and also time difference does not play any role in 24/7 environment. Pagers, cellular phones, telephones, etc. are there to communicate the notifications.B: Outsourcing does not remove the enterprise's responsibility regarding internal requirements. Hence monitoring the compliance with its internal security and privacy guidelines is not a problem.D: The need for additional network intrusion detection sensors is not a major problem as it can be easily managed. It only requires addition funding, but can be addressed.
You are the Risk Official in Bluewell Inc. You have detected much vulnerability during risk assessment process. What you should do next?
Vulnerabilities detected during assessment should be first evaluated for threat, impact and cost of mitigation. It should be evaluated and prioritized on the basis whether they impose credible threat or not.Incorrect Answers:A, C: These are the further steps that are taken after evaluating vulnerabilities. So, these are not immediate action after detecting vulnerabilities.B: If detected vulnerabilities impose no/negligible threat on an enterprise then it is not cost effective to address it as risk.
Assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks describes which of the following processes?
Answer(s): A
The purpose of qualitative risk analysis is to determine what impact the identified risk events will have on the project and the probability they'll occur. It also puts risks in priority order according to their effects on the project objectives and assigns a risk score for the project. Incorrect Answers:B: Risk Management is used to identify, assess, and control risks. It includes analyzing the value of assets to the business, identifying threats to those assets, and evaluating how vulnerable each asset is to those threats. Assessing the probability and consequences of identified risks is only the part of risk management.C: It involves listing of all the possible risks so as to cure them before it can occur. In risk identification both threats and opportunities are considered, as both carry some level of risk with them.D: This process does not involve assessing the probability and consequences of identified risks. Quantitative analysis is the use of numerical and statistical techniques rather than the analysis of verbal material for analyzing risks. Some of the quantitative methods of risk analysis are:Internal loss method External data analysisBusiness process modeling (BPM) and simulation Statistical process control (SPC)
Share your comments for ISACA CRISC exam with other users:
so far so good
i am really liking it
thanks good stuff
need dump c_tadm_23
next time i will write a full review
first time using this site
please sent me oracle 1z0-1105-22 pdf
very helpful
good info about oml
very useful to practice
this website is very helpful.
good content
so challenging
17 should be d ,for morequery its scale out
nice question
yes.
good mateial
good practice exam
impressivre qustion
questions seem helpful
question 21 answer is alerts
am preparing for exam
good one thanks
only got thru 5 questions, need more to evaluate
q26 should be b
the aaa triad in information security is authentication, accounting and authorisation so the answer should be d 1, 3 and 5.
need to attend this
these are free brain dumps i understand, how can one get free pdf
provide access
good morning
please upload the ncp-mci 6.5 dumps, really need to practice this one. thanks guys
question 16: https://help.salesforce.com/s/articleview?id=sf.care_console_overview.htm&type=5
yes i m prepared exam