A department has been granted an exception to bypass the existing approval process for purchase orders. The risk practitioner should verify the exception has been approved by which of the following?

• A.Control owner
• B.Senior management
• C.Internal audit
• D.Risk manager

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Effective risk communication BEST benefits an organization by:

• A.improving the effectiveness of IT controls
• B.helping personnel make better informed decisions
• C.increasing participation in the risk assessment process
• D.assisting the development of a risk register

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Which of the following is a risk practitioner's BEST course of action upon learning that a control under internal review may no longer be necessary?

• A.Verify the effectiveness of the original mitigation plan.
• B.Update the status of the control as obsolete.
• C.Consult the internal auditor for a second opinion.
• D.Obtain approval to retire the control.

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You work as a Project Manager for Company Inc. You are incorporating a risk response owner to take the job for each agreed-to and funded risk response. On which of the following processes are you working?

• A.Quantitative Risk Analysis
• B.Identify Risks
• C.Plan risk response
• D.Qualitative Risk Analysis
• E.Explanation:
  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 register Risk management plan

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Which of the following is the FOREMOST root cause of project risk?
Each correct answer represents a complete solution. Choose two.

• A.New system is not meeting the user business needs
• B.Delay in arrival of resources
• C.Lack of discipline in managing the software development process
• D.Selection of unsuitable project methodology
• E.Explanation:
  The foremost root cause of project risk is:
  A lack of discipline in managing the software development process
  Selection of a project methodology that is unsuitable to the system being developed
• F.is incorrect. The risk associated with new system is not meeting the user business
  needs is business risks, not project risk.

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