CRISC Practice Test

CRISC Practice Test practice questions, page 23 of 76, with answer review and explanations.

Question 111

You are the risk official of your enterprise. You have just completed risk analysis process. You noticed that the risk level associated with your project is less than risk tolerance level of your enterprise. Which of following is the MOST likely action you should take?

  1. Apply risk response
  2. Update risk register
  3. No action
  4. Prioritize risk response options

Question 112

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

  1. Information security risks
  2. Contract and product liability risks
  3. Project activity risks
  4. Profitability operational risks

Question 113

Which of the following is the process of numerically analyzing the effects of identified risks on the overall enterprise's objectives?

  1. Identifying Risks
  2. Quantitative Risk Assessment
  3. Qualitative Risk Assessment
  4. Monitoring and Controlling Risks

Question 114

Which of the following processes is described in the statement below? "It is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions."

  1. Risk governance
  2. IRGC
  3. Risk response planning
  4. Risk communication

Question 115

Which of the following are the principles of risk management? Each correct answer represents a complete solution. (Choose three.)

  1. Risk management should be an integral part of the organization
  2. Risk management should be a part of decision-making
  3. Risk management is the responsibility of executive management
  4. Risk management should be transparent and inclusive