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  1. Home
  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2024-06-22.q384 Dumps
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Question 261

You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. Which of the following inputs will be needed for the qualitative risk analysis process in your project?
Each correct answer represents a complete solution. (Choose three.)

Correct Answer: A,C,D
Explanation/Reference:
Explanation:
The primary goal of qualitative risk analysis is to determine proportion of effect and theoretical response.
The inputs to the Qualitative Risk Analysis process are:
Organizational process assets

Project Scope Statement

Risk Management Plan

Risk Register

Incorrect Answers:
B: The cost management plan is the input to the perform quantitative risk analysis process.
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Question 262

The BEST indication that risk management is effective is when risk has been reduced to meet:

Correct Answer: D
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Question 263

You are the project manager of GHT project. You identified a risk of noncompliance with regulations due to missing of a number of relatively simple procedures.
The response requires creating the missing procedures and implementing them. In which of the following risk response prioritization should this case be categorized?

Correct Answer: B
is incorrect. "Business case to be made" requires careful analysis and management decisions on investments that are more expensive or difficult risk responses to medium to high risk. Here in this scenario, there is only minor investment that is why, it is not "business case to be made". Answer:D is incorrect. Deferral addresses costly risk response to a low risk, and hence in this specified scenario it is not used. Answer:C is incorrect. Risk avoidance is a type of risk response and not risk response prioritization option.
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Question 264

Who should be accountable for monitoring the control environment to ensure controls are effective?

Correct Answer: B
Section: Volume D
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Question 265

You are the project manager for your organization to install new workstations, servers, and cabling throughout a new building, where your company will be moving into. The vendor for the project informs you that the cost of the cabling has increased due to the some reason. This new cost will cause the cost of your project to increase by nearly eight percent. What change control system should the costs be entered into for review?

Correct Answer: A
Explanation/Reference:
Explanation:
Because this change deals with the change of the deliverable, it should pass through the cost change control system. The cost change control system reviews the reason why the change has happened, what the cost affects, and how the project should respond.
Incorrect Answers:
B: This is not a contract change. According to the evidence that a contract exists or that the cost of the materials is outside of the terms of a contract if one existed. Considered a time and materials contract where a change of this nature could be acceptable according to the terms of the contract. If the vendor wanted to change the terms of the contract then it would be appropriate to enter the change into the contract change control system.
C: The scope of the project will not change due to the cost of the materials.
D: There are four change control systems that should always be entertained for change: schedule, cost, scope, and contract.
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