CRISC Practice Test

CRISC Practice Test practice questions, page 8 of 76, with answer review and explanations.

Question 36

What are the two MAJOR factors to be considered while deciding risk appetite level? Each correct answer represents a part of the solution. (Choose two.)

  1. The amount of loss the enterprise wants to accept
  2. Alignment with risk-culture
  3. Risk-aware decisions
  4. The capacity of the enterprise's objective to absorb loss.

Question 37

You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated. Which project management process is responsible for these actions?

  1. Risk planning
  2. Risk monitoring and controlling
  3. Risk identification
  4. Risk analysis

Question 38

You are the project manager of the HGT project in Bluewell Inc. The project has an asset valued at $125,000 and is subjected to an exposure factor of 25 percent. What will be the Single Loss Expectancy of this project?

  1. $ 125,025
  2. $ 31,250
  3. $ 5,000
  4. $ 3,125,000

Question 39

Which of the following are the principles of access controls? Each correct answer represents a complete solution. (Choose three.)

  1. Confidentiality
  2. Availability
  3. Reliability
  4. Integrity

Question 40

You are the project manager of GHT project. You have selected appropriate Key Risk Indicators for your project. Now, you need to maintain those Key Risk Indicators. What is the MOST important reason to maintain Key Risk Indicators?

  1. Risk reports need to be timely
  2. Complex metrics require fine-tuning
  3. Threats and vulnerabilities change over time
  4. They help to avoid risk