CRISC Practice Test

CRISC Practice Test practice questions, page 37 of 76, with answer review and explanations.

Question 181

Which of the following individuals is responsible for identifying process requirements, approving process design and managing process performance?

  1. Business process owner
  2. Risk owner
  3. Chief financial officer
  4. Chief information officer

Question 182

Which of the following should be considered to ensure that risk responses that are adopted are cost-effective and are aligned with business objectives? Each correct answer represents a part of the solution. (Choose three.)

  1. Identify the risk in business terms
  2. Recognize the business risk appetite
  3. Adopt only pre-defined risk responses of business
  4. Follow an integrated approach in business

Question 183

Walter is the project manager of a large construction project. He'll be working with several vendors on the project. Vendors will be providing materials and labor for several parts of the project. Some of the works in the project are very dangerous so Walter has implemented safety requirements for all of the vendors and his own project team. Stakeholders for the project have added new requirements, which have caused new risks in the project. A vendor has identified a new risk that could affect the project if it comes into fruition. Walter agrees with the vendor and has updated the risk register and created potential risk responses to mitigate the risk. What should Walter also update in this scenario considering the risk event?

  1. Project management plan
  2. Project communications plan
  3. Project contractual relationship with the vendor
  4. Project scope statement

Question 184

What are the three PRIMARY steps to be taken to initialize the project? Each correct answer represents a complete solution. (Choose three.)

  1. Conduct a feasibility study
  2. Define requirements
  3. Acquire software
  4. Plan risk management

Question 185

You are the risk official in Techmart Inc. You are asked to perform risk assessment on the impact of losing a network connectivity for 1 day. Which of the following factors would you include?

  1. Aggregate compensation of all affected business users.
  2. Hourly billing rate charged by the carrier
  3. Value that enterprise get on transferring data over the network
  4. Financial losses incurred by affected business units