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  1. Home
  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2022-10-16.q179 Dumps
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Question 156

Your project has several risks that may cause serious financial impact if they occur. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

Correct Answer: B
Explanation/Reference:
Explanation:
This chart is a probability-impact matrix in a quantitative analysis process. The probability and financial impact of each risk is learned through research, testing, and subject matter experts. The probability of the event is multiplied by the financial impact to create a risk event value for each risk. The sum of the risk event values will lead to the contingency reserve for the project.
Incorrect Answers:
A: The risk response plan is based on the risk responses, not the risk probability-impact matrix.
C: The risk responses are needed but this chart doesn't help the project manager to create them.
D: This chart is created as part of quantitative analysis.
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Question 157

A contract associated with a cloud service provider MUST include:

Correct Answer: D
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Question 158

The MOST essential content to include in an IT risk awareness program is how to:

Correct Answer: D
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Question 159

During a risk assessment, the risk practitioner finds a new risk scenario without controls has been entered into the risk register. Which of the following is the MOST appropriate action?

Correct Answer: B
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Question 160

Which of the following would MOST likely cause a risk practitioner to reassess risk scenarios?

Correct Answer: B
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