CRISC Practice Test

CRISC Practice Test practice questions, page 20 of 76, with answer review and explanations.

Question 96

Stephen is the project manager of the GBB project. He has worked with two subject matter experts and his project team to complete the risk assessment technique. There are approximately 47 risks that have a low probability and a low impact on the project. Which of the following answers best describes what Stephen should do with these risk events?

  1. Because they are low probability and low impact, Stephen should accept the risks.
  2. The low probability and low impact risks should be added to a watchlist for future monitoring.
  3. Because they are low probability and low impact, the risks can be dismissed.
  4. The low probability and low impact risks should be added to the risk register.

Question 97

Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?

  1. The events should be entered into qualitative risk analysis.
  2. The events should be determined if they need to be accepted or responded to.
  3. The events should be entered into the risk register.
  4. The events should continue on with quantitative risk analysis.

Question 98

You are working on a project in an enterprise. Some part of your project requires e-commerce, but your enterprise choose not to engage in e-commerce. This scenario is demonstrating which of the following form?

  1. risk avoidance
  2. risk treatment
  3. risk acceptance
  4. risk transfer

Question 99

Which of the following are risk components of the COSO ERM framework? Each correct answer represents a complete solution. (Choose three.)

  1. Risk response
  2. Internal environment
  3. Business continuity
  4. Control activities

Question 100

Your project team has completed the quantitative risk analysis for your project work. Based on their findings, they need to update the risk register with several pieces of information. Which one of the following components is likely to be updated in the risk register based on their analysis?

  1. Listing of risk responses
  2. Risk ranking matrix
  3. Listing of prioritized risks
  4. Qualitative analysis outcomes