Which of the following phases of IT lifecycle occurs during the concept and idea stages of basic research?

• A.IT asset phase
• B.IT discovery phase
• C.IT process phase
• D.IT project phase

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Wendy is the project manager of the FBL project for your company. She has identified several risks within her project and has created a risk contingency reserve of $45,000 total. Her project is nearly complete and many of the risks have not happened in the project. What should Wendy do with the funds in the contingency reserve?

• A.The funds for the risks that have passed and have not happened are transferred to the project budget.
• B.The funds remain in the contingency reserve until all of the risks have passed.
• C.The funds remain in the contingency reserve until the project is closed.
• D.The funds for the risks that have passed and have not happened are released.

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Which of the following is a process that occurs due to mergers, outsourcing or changing business needs?

• A.Outplacement
• B.Involuntary exit
• C.Voluntary exit
• D.Plant closing

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Which of the following has the GREATEST influence on data quality assurance?

• A.Data stewardship
• B.Data classification
• C.Data encryption
• D.Data modeling

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Which of the following is the MOST effective way to manage risks within the enterprise?

• A.Provide financial resources for risk management systems.
• B.Assign individuals responsibilities and accountabilities for management of risks.
• C.Make staff aware of the risks in their area and risk management techniques.
• D.Document procedures and reporting processes.

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