Which of the following is the first MOST step in the risk assessment process?

• A.Identification of assets
• B.Identification of threats
• C.Identification of threat sources
• D.Identification of vulnerabilities

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What can be determined from the risk scenario chart?

• A.Risk treatment options
• B.Relative positions on the risk map
• C.The multiple risk factors addressed by a chosen response
• D.Capability of enterprise to implement

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Which of the following risk register updates is MOST important for senior management to review?

• A.Avoiding a risk that was previously accepted
• B.Extending the date of a future action plan by two months
• C.Retiring a risk scenario no longer used
• D.Changing a risk owner

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You are the project manager for your company and a new change request has been approved for your project. This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project. You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?

• A.Risk register
• B.Risk log
• C.Project management plan
• D.Risk management plan

Correct Answer: A

Explanation/Reference:
Explanation:
The Identified risks and potential responses are documented in the risk register. A risk register is an inventory of risks and exposure associated with those risks. Risks are commonly found in project management practices, and provide information to identify, analyze, and manage risks. Typically a risk register contains:
A description of the risk

The impact should this event actually occur

The probability of its occurrence

Risk Score (the multiplication of Probability and Impact)

A summary of the planned response should the event occur

A summary of the mitigation (the actions taken in advance to reduce the probability and/or impact of the

event)
Ranking of risks by Risk Score so as to highlight the highest priority risks to all involved.

Incorrect Answers:
B: This is not a valid choice for this question
C: The project management plan is the parent of the risk management plan, but the best choice is the risk register.
D: The risk management plan is an input to the risk response planning, but it is not the best choice for this question

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Which of the following is the GREATEST benefit to an organization when updates to the risk register are made promptly after the completion of a risk assessment?

• A.Optimized risk treatment decisions
• B.Enhanced awareness of risk management
• C.Improved collaboration among risk professionals
• D.Improved senior management communication

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