CRISC Practice Test practice questions, page 34 of 76, with answer review and explanations.
Question 166
Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?
Transference
Enhance
Exploit
Sharing
Question 167
Which of the following techniques examines the degree to which organizational strengths offset threats and opportunities that may serve to overcome weaknesses?
SWOT Analysis
Delphi
Brainstorming
Expert Judgment
Question 168
You are the project manager for your company and a new change request has been approved for your project. This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project. You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?
Risk register
Risk log
Project management plan
Risk management plan
Question 169
Which of the following actions assures management that the organization's objectives are protected from the occurrence of risk events?
Internal control
Risk management
Hedging
Risk assessment
Question 170
You are working as a project manager in Bluewell Inc. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control?