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  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2024-06-22.q384 Dumps
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Question 346

Which of the following operational risks ensures that the provision of a quality product is not overshadowed by the production costs of that product?

Correct Answer: D
Section: Volume B
Explanation:
Profitability operational risks focus on the financial risks which encompass providing a quality product that is cost-effective in production. It ensures that the provision of a quality product is not overshadowed by the production costs of that product.
Incorrect Answers:
A: Information security means protecting information and information systems from unauthorized access, use, disclosure, disruption, modification, perusal, inspection, recording or destruction. Information security risks are the risks that are associated with the protection of these information and information systems.
B: These risks do not ensure that the provision of a quality product is not overshadowed by the production costs of that product.
C: Project activity risks are not associated with provision of a quality product or the production costs of that product.
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Question 347

Which of the following tasks should be completed prior to creating a disaster recovery plan (DRP)?

Correct Answer: C
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Question 348

Which of following is NOT used for measurement of Critical Success Factors of the project?

Correct Answer: C
Section: Volume C
Explanation/Reference:
Incorrect Answers:
A, B, D: Productivity, quality and customer service are used for evaluating critical service factor of any particular project.
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Question 349

Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?

Correct Answer: B
Explanation/Reference:
Explanation:
Enhance is a risk response to improve the conditions to ensure the risk event occurs. Risk enhancement raises the probability of an opportunity to take place by focusing on the trigger conditions of the opportunity and optimizing the chances. Identifying and maximizing input drivers of these positive-impact risks may raise the probability of their occurrence.
Incorrect Answers:
A: Transference is a strategy to mitigate negative risks or threats. In this strategy, consequences and the ownership of a risk is transferred to a third party. This strategy does not eliminate the risk but transfers responsibility of managing the risk to another party. Insurance is an example of transference.
C: Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities for positive impact on a project.
Assigning more talented resources to the project to reduce the time to completion is an example of exploit response.
D: Sharing happens through partnerships, joint ventures, and teaming agreements. Sharing response is where two or more entities share a positive risk. Teaming agreements are good example of sharing the reward that comes from the risk of the opportunity.
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Question 350

Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?

Correct Answer: D,E,F,G
is incorrect. Root cause analysis is a good exercise, but it would not determine risk
bias.
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