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  3. CRISC Exam
  4. ISACA.CRISC.v2024-01-06.q281 Dumps
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Question 191

Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If your organization seizes this opportunity it would be an example of what risk response?

Correct Answer: D,E
is incorrect. Opportunistic is not a valid risk response. Answer: B is incorrect. This is an example of a positive risk, but positive is not a risk response. Answer: A is incorrect. Enhancing is a positive risk response that describes actions taken to increase the odds of a risk event to happen.
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Question 192

You are the risk professional of your enterprise. You have performed cost and benefit analysis of control that you have adopted. What are all the benefits of performing cost and benefit analysis of control? Each correct answer represents a complete solution. Choose three.

Correct Answer: A,C,D
Section: Volume C
Explanation/Reference:
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Question 193

When reporting risk assessment results to senior management, which of the following is MOST important to include to enable risk-based decision making?

Correct Answer: D
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Question 194

What activity should be done for effective post-implementation reviews during the project?

Correct Answer: A
Section: Volume C
Explanation:
For effective post-implementation review the business measurements up front is established during the project.
Incorrect Answers:
B: Executing sufficient number of business cycles in the new system is done after the completion of the project.
C, D: Identifying the information to be reviewed and information collected during each stage of project is done in pre-project phase and not during project for effective post-implementation review.
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Question 195

Which is the MOST important parameter while selecting appropriate risk response?

Correct Answer: A
Section: Volume D
Explanation:
The cost of the response, which is applied so as to reduce risk within tolerance levels, is one of the most important parameter. By considering the cost of response, it is decided whether or not benefits of applying response is greater than accepting the risk; and according to this analysis it is decided whether the certain response should be applied or not. For example, if risk transfer response is applied by using insurance, then cost would be the cost of insurance.
Incorrect Answers:
B: This parameter is considered after analyzing the cost of response, which will further decide the level of sophistication of risk response. The enterprise's capability to implement the response means that if the risk management process is mature then the risk response is more C: This is one of the parameters that is considered but is not as important as considering cost of response.
The importance of the risk is determined by the combination of likelihood and magnitude levels along with its position on the risk map.
D: Efficiency of response can only be analyzed after applying the response. So it is the latter stage in selection of response.
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