CRISC Practice Test practice questions, page 56 of 76, with answer review and explanations.
Question 276
You and your project team have identified a few risk events in the project and recorded the events in the risk register. Part of the recording of the events includes the identification of a risk owner. Who is a risk owner?
A risk owner is the party that will monitor the risk events.
A risk owner is the party that will pay for the cost of the risk event if it becomes an issue.
A risk owner is the party that has caused the risk event.
A risk owner is the party authorized to respond to the risk event.
Question 277
Suppose you are working in Company Inc. and you are using risk scenarios for estimating the likelihood and impact of the significant risks on this organization. Which of the following assessment are you doing?
IT security assessment
IT audit
Threat and vulnerability assessment
Risk assessment
Question 278
You are the project manager of the PFO project. You are working with your project team members and two subject matter experts to assess the identified risk events in the project. Which of the following approaches is the best to assess the risk events in the project?
Interviews or meetings
Determination of the true cost of the risk event
Probability and Impact Matrix
Root cause analysis
Question 279
Which of the following is BEST described by the definition below? "They are heavy influencers of the likelihood and impact of risk scenarios and should be taken into account during every risk analysis, when likelihood and impact are assessed."
Obscure risk
Risk factors
Risk analysis
Risk event
Question 280
Which of the following processes is described in the statement below? "It is the process of implementing risk response plans, tracking identified risks, monitoring residual risk, identifying new risks, and evaluating risk process effectiveness throughout the project."