CRISC Practice Test

CRISC Practice Test practice questions, page 19 of 76, with answer review and explanations.

Question 91

You have been assigned as the Project Manager for a new project that involves development of a new interface for your existing time management system. You have completed identifying all possible risks along with the stakeholders and team and have calculated the probability and impact of these risks. Which of the following would you need next to help you prioritize the risks?

  1. Affinity Diagram
  2. Risk rating rules
  3. Project Network Diagram
  4. Risk categories

Question 92

You are the project manager of a large networking project. During the execution phase the customer requests for a change in the existing project plan. What will be your immediate action?

  1. Update the risk register.
  2. Ask for a formal change request.
  3. Ignore the request as the project is in the execution phase.
  4. Refuse the change request.

Question 93

Which of the following is described by the definition given below? "It is the expected guaranteed value of taking a risk."

  1. Certainty equivalent value
  2. Risk premium
  3. Risk value guarantee
  4. Certain value assurance

Question 94

You are the project manager of GHT project. Your hardware vendor left you a voicemail saying that the delivery of the equipment you have ordered would not arrive on time. She wanted to give you a heads-up and asked that you return the call. Which of the following statements is TRUE?

  1. This is a residual risk.
  2. This is a trigger.
  3. This is a contingency plan.
  4. This is a secondary risk.

Question 95

There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to quantitative risk analysis process?

  1. Risk management plan
  2. Enterprise environmental factors
  3. Cost management plan
  4. Risk register