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  1. Home
  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2022-04-29.q944 Dumps
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Question 116

Which of the following would prompt changes in key risk indicator (KRI) thresholds?

Correct Answer: A
Section: Volume D
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Question 117

What can be determined from the risk scenario chart?

Correct Answer: C
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Question 118

You are the project manager of the AFD project for your company. You are working with the project team to reassess existing risk events and to identify risk events that have not happened and whose relevancy to the project has passed. What should you do with these events that have not happened and would not happen now in the project?

Correct Answer: B
is incorrect. Risks do not go into the issue log, but the risk register.
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Question 119

Which of the following type of risk could result in bankruptcy?

Correct Answer: D
Explanation/Reference:
Explanation:
Catastrophic risk causes critical financial losses that have the possibility of bankruptcy.
Incorrect Answers:
A: Marginal risk causes financial loss in a single line of business and a reduced return on IT investment.
B: It causes minimal impact on a single line of business affecting their ability to deliver services or products.
C: Critical risk causes serious financial losses in more than one line of business with a loss in productivity.
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Question 120

You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to use the new materials can also be known as what term?

Correct Answer: C
Section: Volume B
Explanation:
When the project team needs training to be able to complete the project work it is a cost of conformance to quality.
The cost of conformance to quality defines the cost of training, proper resources, and the costs the project must spend in order to ascertain the expected levels of quality the customer expects from the project. It is the capital used up throughout the project to avoid failures. It consists of two types of costs:
* Prevention costs: It is measured to build a quality product. It includes costs in training, document processing, equipment, and time to do it right.
* Appraisal costs: It is measured to assess the quality. It includes testing, destructive testing loss, and inspections.
Incorrect Answers:
A: Benchmarking compares any two items, such as materials, vendors, or resources.
B: Cost-benefit analysis is the study of the benefits in relation to the costs to receive the benefits of a decision, a project, or other investment.
D: Team development describes activities the project manager uses to create a more cohesive and responsive project team.
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