CRISC Practice Test

CRISC Practice Test practice questions, page 17 of 76, with answer review and explanations.

Question 81

What are the requirements of monitoring risk? Each correct answer represents a part of the solution. (Choose three.)

  1. Information of various stakeholders
  2. Preparation of detailed monitoring plan
  3. Identifying the risk to be monitored
  4. Defining the project's scope

Question 82

Your company is covered under a liability insurance policy, which provides various liability coverage for information security risks, including any physical damage of assets, hacking attacks, etc. Which of the following risk management techniques is your company using?

  1. Risk transfer
  2. Risk acceptance
  3. Risk avoidance
  4. Risk mitigation

Question 83

You work as a project manager for BlueWell Inc. Management has asked you to work with the key project stakeholder to analyze the risk events you have identified in the project. They would like you to analyze the project risks with a goal of improving the project's performance as a whole. What approach can you use to achieve this goal of improving the project's performance through risk analysis with your project stakeholders?

  1. Involve subject matter experts in the risk analysis activities
  2. Involve the stakeholders for risk identification only in the phases where the project directly affects them
  3. Use qualitative risk analysis to quickly assess the probability and impact of risk events
  4. Focus on the high-priority risks through qualitative risk analysis

Question 84

You are a project manager for your organization and you're working with four of your key stakeholders. One of the stakeholders is confused as to why you're not discussing the current problem in the project during the risk identification meeting. Which one of the following statements best addresses when a project risk actually happens?

  1. Project risks are uncertain as to when they will happen.
  2. Risks can happen at any time in the project.
  3. Project risks are always in the future.
  4. Risk triggers are warning signs of when the risks will happen.

Question 85

Which of the following is the MOST effective method for indicating that the risk level is approaching a high or unacceptable level of risk?

  1. Risk register
  2. Cause and effect diagram
  3. Risk indicator
  4. Return on investment