You are the project manager of GHT project. Your project utilizes a machine for production of goods. This machine has the specification that if its temperature would rise above 450 degree Fahrenheit then it may result in burning of windings. So, there is an alarm which blows when machine's temperature reaches 430 degree Fahrenheit and the machine is shut off for 1 hour. What role does alarm contribute here?

• A.Of risk indicator
• B.Of risk identification
• C.Of risk trigger
• D.Of risk response

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You are the project manager of GHT project. You want to perform post-project review of your project. What is the BEST time to perform post-project review by you and your project development team to access the effectiveness of the project?

• A.Project is completed and the system has been in production for a sufficient time period
• B.During the project
• C.Immediately after the completion of the project
• D.Project is about to complete

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Risks to an organization's image are referred to as what kind of risk?

• A.Operational
• B.Financial
• C.Information
• D.Strategic
• E.Explanation:
  Strategic risks are those risks which have potential outcome of not fulfilling on strategic objectives of the organization as planned. Since the strategic objective will shape and impact the entire organization, the risk of not meeting that objective can impose a great threat on the organization. Strategic risks can be broken down into external and internal risks: External risks are those circumstances from outside the enterprise which will have a potentially damaging or helpful impact on the enterprise. These risks include sudden change of economy, industry, or regulatory conditions. Some of the external risks are predictable while others are not. For instance, a recession may be predictable and the enterprise may be able to hedge against the dangers economically; but the total market failure may not as predictable and can be much more devastating. Internal risks usually focus on the image or reputation of the enterprise. some of the risks that are involved in this are public communication, trust, and strategic agreement from stakeholders and customers.
  Reference: CRISC, Contents: "Assessing Risks"
• F.is incorrect. Financial risks are not directly linked with organization's reputation.
• G.is incorrect. Risk associated with leakage of information to an unauthorized person does not affect organization's image.

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Natural disaster is BEST associated to which of the following types of risk?

• A.Short-term
• B.Long-term
• C.Discontinuous
• D.Large impact
• E.Explanation:
  Natural disaster can be a long-term or short-term and can have large or small impact on the
  company. However, as the natural disasters are unpredictable and infrequent, they are best
  considered as discontinuous.
• F.is incorrect. Natural disaster can be a short-term, but it is not the best answer.
• G.is incorrect. Natural disaster can be a long-term, but it is not the best answer.

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You and your project team are identifying the risks that may exist within your project. Some of the risks are small risks that won't affect your project much if they happen. What should you do with these identified risk events?

• A.These risks can be dismissed.
• B.These risks can be accepted.
• C.These risks can be added to a low priority risk watch list.
• D.All risks must have a valid, documented risk response.

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