CRISC Practice Test

CRISC Practice Test practice questions, page 27 of 76, with answer review and explanations.

Question 131

You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to use the new materials can also be known as what term?

  1. Benchmarking
  2. Cost-benefits analysis
  3. Cost of conformance to quality
  4. Team development

Question 132

What is the PRIMARY objective difference between an internal and an external risk management assessment reviewer?

  1. In quality of work
  2. In ease of access
  3. In profession
  4. In independence

Question 133

You work as a Project Manager for www.company.com Inc. You have to measure the probability, impact, and risk exposure. Then, you have to measure how the selected risk response can affect the probability and impact of the selected risk event. Which of the following tools will help you to accomplish the task?

  1. Project network diagrams
  2. Delphi technique
  3. Decision tree analysis
  4. Cause-and-effect diagrams

Question 134

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

  1. Geopolitical situation
  2. Complexity of the enterprise
  3. Market
  4. Competition

Question 135

Which of the following is an acceptable method for handling positive project risk?

  1. Exploit
  2. Avoid
  3. Mitigate
  4. Transfer