Which among the following is the MOST crucial part of risk management process?

• A.Risk communication
• B.Auditing
• C.Risk monitoring
• D.Risk mitigation

Comment: *

Name: *

Email: *

Verification: *

A project team member has just identified a new project risk. The risk event is determined to have significant impact but a low probability in the project. Should the risk event happen it'll cause the project to be delayed by three weeks, which will cause new risk in the project. What should the project manager do with the risk event?

• A.Add the identified risk to a quality control management chart.
• B.Add the identified risk to the issues log.
• C.Add the identified risk to the risk register.
• D.Add the identified risk to the low-level risk watch-list.
• E.Explanation:
  All identified risks, their characteristics, responses, and their status should be added and monitored as part of the risk register. A risk register is an inventory of risks and exposure associated with those risks. Risks are commonly found in project management practices, and provide information to identify, analyze, and manage risks. Typically a risk register contains: A description of the risk The impact should this event actually occur The probability of its occurrence Risk Score (the multiplication of Probability and Impact) A summary of the planned response should the event occur A summary of the mitigation (the actions taken in advance to reduce the probability and/or impact of the event) Ranking of risks by Risk Score so as to highlight the highest priority risks to all involved.

Comment: *

Name: *

Email: *

Verification: *

Which of the following would be a risk practitioner's BEST recommendation to help ensure cyber risk is assessed and reflected in the enterprise-level risk profile?

• A.Conduct cyber risk awareness training tailored specifically for senior management
• B.Implement a cyber risk program based on industry best practices
• C.Manage cyber risk according to the organization's risk management framework
• D.Define cyber roles and responsibilities across the organization

Comment: *

Name: *

Email: *

Verification: *

You are the project manager of your project. You have to analyze various project risks. You have opted for quantitative analysis instead of qualitative risk analysis. What is the MOST significant drawback of using quantitative analysis over qualitative risk analysis?

• A.lower objectivity
• B.higher cost
• C.higher reliance on skilled personnel
• D.lower management buy-in

Comment: *

Name: *

Email: *

Verification: *

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

Comment: *

Name: *

Email: *

Verification: *