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NEW QUESTION 51
Judy has identified a risk event in her project that will have a high probability and a high impact. Based on the requirements of the project, Judy has asked to change the project scope to remove the associated requirement and the associated risk. What type of risk response is this?
- A. Transference
- B. Not a risk response, but a change request
- C. Avoidance
- D. Exploit
Answer: C
Explanation:
Section: Volume C
Explanation
Explanation:
Risk avoidance involves changing the project management plan to eliminate the threat entirely. The project manager may also isolate the project objectives from the risk’s impact or change the objective that is in jeopardy. Examples of this include extending the schedule, changing the strategy, or reducing the scope. The most radical avoidance strategy is to shut down the project entirely. Some risks that arise early in the project can be avoided by clarifying requirements, obtaining information, improving communication, or acquiring expertise.
Incorrect Answers:
A: Exploit risk response is used for positive risk or opportunity, not for negative risk.
B: This risk response does require a change request, in some instances, but it’s the avoidance risk response and not just a change request.
D: Transference allows the risk to be transferred, not removed from the project, to a third party. Transference usually requires a contractual relationship with the third party.
NEW QUESTION 52
You are the project manager of HJT project. Important confidential files of your project are stored on a computer. Keeping the unauthorized access of this computer in mind, you have placed a hidden CCTV in the room, even on having protection password. Which kind of control CCTV is?
- A. Technical control
- B. Administrative control
- C. Physical control
- D. Management control
Answer: C
Explanation:
Section: Volume D
Explanation:
CCTV is a physical control.
Physical controls protect the physical environment. They include basics such as locks to protect access to secure areas. They also include environmental controls. This section presents the following examples of physical controls:
* Locked doors, guards, access logs, and closed-circuit television
* Fire detection and suppression
* Temperature and humidity detection
* Electrical grounding and circuit breakers
* Water detection
Incorrect Answers:
A, C, D CCTV is a physical control.
NEW QUESTION 53
Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If your organization seizes this opportunity it would be an example of what risk response?
- A. Opportunistic
- B. Positive
- C. Enhancing
- D. Explanation:
This is an example of exploiting a positive risk – a by-product of a project is an excellent example of exploiting a risk. Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities for positive impact on a project. Assigning more talented resources to the project to reduce the time to completion is an example of exploit response. - E. Exploiting
Answer: D,E
Explanation:
is incorrect. Opportunistic is not a valid risk response. Answer: B is incorrect. This is an example of a positive risk, but positive is not a risk response. Answer: A is incorrect. Enhancing is a positive risk response that describes actions taken to increase the odds of a risk event to happen.
NEW QUESTION 54
Your project spans the entire organization. You would like to assess the risk of your project but worried about that some of the managers involved in the project could affect the outcome of any risk identification meeting.
Your consideration is based on the fact that some employees would not want to publicly identify risk events that could declare their supervision as poor. You would like a method that would allow participants to anonymously identify risk events. What risk identification method could you use?
- A. SWOT analysis
- B. Root cause analysis
- C. Delphi technique
- D. Isolated pilot groups
Answer: C
Explanation:
Section: Volume A
Explanation:
The Delphi technique uses rounds of anonymous surveys to build consensus on project risks. Delphi is a technique to identify potential risk. In this technique, the responses are gathered via a question and their inputs are organized according to their contents. The collected responses are sent back to these experts for further input, addition, and comments. The final list of risks in the project is prepared after that. The participants in this technique are anonymous and therefore it helps prevent a person from unduly influencing the others in the group. The Delphi technique helps in reaching the consensus quickly.
Incorrect Answers:
B: Root cause analysis is not an anonymous approach to risk identification.
C: Isolated pilot groups is not a valid risk identification activity.
D: SWOT analysis evaluates the strengths, weaknesses, opportunities, and threats of the project.
NEW QUESTION 55
You are the IT manager in Bluewell Inc. You identify a new regulation for safeguarding the information processed by a specific type of transaction. What would be the FIRST action you will take?
- A. Explanation:
When a new regulation for safeguarding information processed by a specific type of transaction is being identified by the IT manager, then the immediate step would be to understand the impact and requirements of this new regulation. This includes assessing how the enterprise will comply with the regulation and to what extent the existing control structure supports the compliance process. After that manager should then assess any existing gaps. - B. Meet with stakeholders to decide how to comply
- C. Analyze the key risk in the compliance process
- D. Assess whether existing controls meet the regulation
- E. Update the existing security privacy policy
Answer: D
Explanation:
C, and B are incorrect. These choices are appropriate as well as important, but are subsequent steps after understanding and gap assessment.
NEW QUESTION 56
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