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Download Certified in Risk and Information Systems Control Exam Dumps

NEW QUESTION 30
Which of tie following is We MOST important consideration when implementing ethical remote work monitoring?

  • A. Reporting on nonproductive employees is sent to management on a scheduled basis
  • B. Employees are informed of how they are bong monitored
  • C. Monitoring is only conducted between official hours of business
  • D. Multiple data monitoring sources are integrated into security incident response procedures

Answer: B

 

NEW QUESTION 31
Which of the following provides the MOST helpful reference point when communicating the results of a risk assessment to stakeholders?

  • A. Risk awareness
  • B. Risk appetite
  • C. Risk policy
  • D. Risk tolerance

Answer: D

 

NEW QUESTION 32
You are the project manager of your enterprise. You have identified several risks. Which of the following responses to risk is considered the MOST appropriate?

  • A. Accepting
  • B. Explanation:
    The appropriate response to the risk is decided by the risk itself, the company's attitude and
    appetite of risk, and the threat and opportunity combination of the risk.
  • C. Any of the above
  • D. Avoiding
  • E. Insuring

Answer: C

Explanation:
D, and B are incorrect. Depending upon the condition, that is, the risk itself, the
company's attitude and appetite of risk, and the threat and opportunity combination of the risk,
these response options can be chosen.

 

NEW QUESTION 33
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?

  • A. Opportunistic
  • B. Enhancing
  • C. Positive
  • D. Exploiting

Answer: D

Explanation:
Explanation/Reference:
Explanation:
This is an example of exploiting a positive risk - a by-product of a project is an excellent example of exploiting a risk. 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.
Incorrect Answers:
A: Enhancing is a positive risk response that describes actions taken to increase the odds of a risk event to happen.
B: This is an example of a positive risk, but positive is not a risk response.
C: Opportunistic is not a valid risk response.

 

NEW QUESTION 34
You are the project manager of a project in Bluewell Inc. You and your project team have identified several project risks, completed risk analysis, and are planning to apply most appropriate risk responses. Which of the following tools would you use to choose the appropriate risk response?

  • A. Decision tree analysis
  • B. Cause-and-effect analysis
  • C. Delphi Technique
  • D. Project network diagrams

Answer: A

Explanation:
Section: Volume C
Explanation:
Decision tree analysis is a risk analysis tool that can help the project manager in determining the best risk response. The tool can be used to measure probability, impact, and risk exposure and how the selected risk response can affect the probability and/or impact of the selected risk event. It helps to form a balanced image of the risks and opportunities connected with each possible course of action. This makes them mostly useful for choosing between different strategies, projects, or investment opportunities particularly when the resources are limited. A decision tree is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.
Incorrect Answers:
A: Project network diagrams help the project manager and stakeholders visualize the flow of the project work, but they are not used as a part of risk response planning.
B: Cause-and-effect analysis is used for exposing risk factors and not an effective one in risk response planning. This analysis involves the use of predictive or diagnostic analytical tool for exploring the root causes or factors that contribute to positive or negative effects or outcomes.
D: Delphi technique is used for risk analysis, i.e., for identifying the most probable risks. Delphi is a group of experts who used to rate independently the business risk of an organization. Each expert analyzes the risk independently and then prioritizes the risk, and the result is combined into a consensus.

 

NEW QUESTION 35
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