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  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2022-04-29.q944 Dumps
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Question 536

Which of the following interpersonal skills has been identified as one of the biggest reasons for project success or failure?

Correct Answer: C
Section: Volume D
Explanation:
Communication has been identified as one of the biggest reasons for why projects succeeds or fails. Effective communication is essential for good project management.
Communication is a process in which information is passed from one person to another. A manager asks his subordinates to accomplish the task assigned to them. He should successfully pass the information to his subordinates. It is a means of motivating and guiding the employees of an enterprise.
Incorrect Answers:
A: While motivation is one of the important interpersonal skill, but it is not the best answer.
B: Influencing the project stakeholders is a needed interpersonal skill, but it is not the best answer.
D: Political and cultural awareness is an important part of every project, but it is not the best answer for this question
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Question 537

You are the project manager for BlueWell Inc. You have noticed that the risk level in your project increases above the risk tolerance level of your enterprise. You have applied several risk response. Now you have to update the risk register in accordance to risk response process. All of the following are included in the risk register except for which item?

Correct Answer: C
The risk register does not examine the network diagram and the critical path. There may be risks associated with the activities on the network diagram, but it does not address the network diagram directly. The risk register is updated at the end of the plan risk response process with the information that was discovered during the process. The response plans are recorded in the risk register. In the risk register, risk is stated in order of priority, i.e., those with the highest potential for threat or opportunity first. Some risks might not require response plans at all, but then too they should be put on a watch list and monitored throughout the project. Following elements should appear in the risk register: List of identified risks, including their descriptions, root causes, and how the risks impact the project objectives Risk owners and their responsibility Outputs from the Perform Qualitative Analysis process Agreed-upon response strategies Risk triggers Cost and schedule activities needed to implement risk responses Contingency plans Fallback plans, which are risk response plans that are executed when the initial risk response plan proves to be ineffective Contingency reserves Residual risk, which is a leftover risk that remains after the risk response strategy has been implemented Secondary risks, which are risks that come about as a result of implementing a risk response
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Question 538

Who is BEST suited to provide objective input when updating residual risk to reflect the results of control effectiveness?

Correct Answer: C
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Question 539

Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?

Correct Answer: B
Explanation/Reference:
Explanation:
Enhance is a risk response to improve the conditions to ensure the risk event occurs. Risk enhancement raises the probability of an opportunity to take place by focusing on the trigger conditions of the opportunity and optimizing the chances. Identifying and maximizing input drivers of these positive-impact risks may raise the probability of their occurrence.
Incorrect Answers:
A: Transference is a strategy to mitigate negative risks or threats. In this strategy, consequences and the ownership of a risk is transferred to a third party. This strategy does not eliminate the risk but transfers responsibility of managing the risk to another party. Insurance is an example of transference.
C: Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities for positive impact on a project.
Assigning more talented resources to the project to reduce the time to completion is an example of exploit response.
D: Sharing happens through partnerships, joint ventures, and teaming agreements. Sharing response is where two or more entities share a positive risk. Teaming agreements are good example of sharing the reward that comes from the risk of the opportunity.
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Question 540

Which of the following is the BEST indication that an organization is following a mature risk management process?

Correct Answer: D
Section: Volume D
Explanation/Reference:
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