CRISC Practice Test

CRISC Practice Test practice questions, page 54 of 76, with answer review and explanations.

Question 266

You are the project manager of a project in Bluewell Inc. You and your project team have identified several project risks, completed risk analysis, and are planning to apply most appropriate risk responses. Which of the following tools would you use to choose the appropriate risk response?

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

Question 267

What is the MAIN purpose of designing risk management programs?

  1. To reduce the risk to a level that the enterprise is willing to accept
  2. To reduce the risk to the point at which the benefit exceeds the expense
  3. To reduce the risk to a level that is too small to be measurable
  4. To reduce the risk to a rate of return that equals the current cost of capital

Question 268

Which of the following terms is described in the statement below? "They are the prime monitoring indicators of the enterprise, and are highly relevant and possess a high probability of predicting or indicating important risk."

  1. Key risk indicators
  2. Lag indicators
  3. Lead indicators
  4. Risk indicators

Question 269

What type of policy would an organization use to forbid its employees from using organizational e-mail for personal use?

  1. Anti-harassment policy
  2. Acceptable use policy
  3. Intellectual property policy
  4. Privacy policy

Question 270

Wendy has identified a risk event in her project that has an impact of $75,000 and a 60 percent chance of happening. Through research, her project team learns that the risk impact can actually be reduced to just $15,000 with only a ten percent chance of occurring. The proposed solution will cost $25,000. Wendy agrees to the $25,000 solution. What type of risk response is this?

  1. Mitigation
  2. Avoidance
  3. Transference
  4. Enhancing