CRISC Practice Test

CRISC Practice Test practice questions, page 66 of 76, with answer review and explanations.

Question 326

How are the potential choices of risk based decisions are represented in decision tree analysis?

  1. End node
  2. Root node
  3. Event node
  4. Decision node

Question 327

You are the project manager of the HJK Project for your organization. You and the project team have created risk responses for many of the risk events in the project. Where should you document the proposed responses and the current status of all identified risks?

  1. Stakeholder management strategy
  2. Lessons learned documentation
  3. Risk register
  4. Risk management plan

Question 328

Which is the MOST important parameter while selecting appropriate risk response?

  1. Cost of response
  2. Capability to implement response
  3. Importance of risk
  4. Efficiency of response

Question 329

You are the project manager of HFD project. You have identified several project risks. You have adopted alternatives to deal with these risks which do not attempt to reduce the probability of a risk event or its impacts. Which of the following response have you implemented?

  1. Acceptance
  2. Mitigation
  3. Avoidance
  4. Contingent response

Question 330

In which of the following risk management capability maturity levels risk appetite and tolerance are applied only during episodic risk assessments?

  1. Level 3
  2. Level 2
  3. Level 4
  4. Level 1