CRISC Practice Test

CRISC Practice Test practice questions, page 25 of 76, with answer review and explanations.

Question 121

Which of the following type of risk could result in bankruptcy?

  1. Marginal
  2. Negligible
  3. Critical
  4. Catastrophic

Question 122

Risks with low ratings of probability and impact are included for future monitoring in which of the following?

  1. Risk alarm
  2. Observation list
  3. Watch-list
  4. Risk register

Question 123

You are the project manager of your project. You have to analyze various project risks. You have opted for quantitative analysis instead of qualitative risk analysis. What is the MOST significant drawback of using quantitative analysis over qualitative risk analysis?

  1. lower objectivity
  2. higher cost
  3. higher reliance on skilled personnel
  4. lower management buy-in

Question 124

You are working as the project manager of the ABS project. The project is for establishing a computer network in a school premises. During the project execution, the school management asks to make the campus Wi-Fi enabled. You know that this may impact the project adversely. You have discussed the change request with other stakeholders. What will be your NEXT step?

  1. Update project management plan.
  2. Issue a change request.
  3. Analyze the impact.
  4. Update risk management plan.

Question 125

Which of the following role carriers are responsible for setting up the risk governance process, establishing and maintaining a common risk view, making risk- aware business decisions, and setting the enterprise's risk culture? Each correct answer represents a complete solution. (Choose two.)

  1. Senior management
  2. Chief financial officer (CFO)
  3. Human resources (HR)
  4. Board of directors