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NEW QUESTION 21
Harry is the project manager of HDW project. He has identified a risk that could injure project team members.
He does not want to accept any risk where someone could become injured on this project so he hires a professional vendor to complete this portion of the project work. What type of risk response is Harry implementing?
- A. Acceptance
- B. Transference
- C. Mitigation
- D. Avoidance
Answer: B
Explanation:
Section: Volume A
Explanation:
Risk transfer means that impact of risk is reduced by transferring or otherwise sharing a portion of the risk with an external organization or another internal entity. Transfer of risk can occur in many forms but is most effective when dealing with financial risks. Insurance is one form of risk transfer. Hence when Harry hires a professional vendor to manage that risk, the risk event does not go away but the responsibility for the event is transferred to the vendor.
Incorrect Answers:
B: Risk acceptance means that no action is taken relative to a particular risk; loss is accepted if it occurs. Here Harry is not accepting this risk event; he does not want anyone of his team to become injured so he’s transferring the event to professional vendor.
C: Mitigation are actions that Harry’s project team could take to reduce the probability and/or impact of a risk event.
D: Avoidance removes the risk event entirely either by adding additional steps to avoid the event or reducing the project scope.
NEW QUESTION 22
Which of the following is the BEST way to validate the results of a vulnerability assessment?
- A. Perform a penetration test
- B. Conduct a threat analysis
- C. Perform a root cause analysis
- D. Review security logs
Answer: A
Explanation:
Section: Volume D
NEW QUESTION 23
A business manager wants to leverage an existing approved vendor solution from another area within the organization. Which of the following is the risk practitioner’s BEST course of action?
- A. Request revalidation of the original use case.
- B. Assess the risk associated with the new use case.
- C. Recommend allowing the new usage based on prior approval.
- D. Request a new third-party review.
Answer: B
NEW QUESTION 24
You are the project manager of project for a client. The client has promised your company a bonus, if the project is completed early. After studying the project work, you elect to crash the project in order to realize the early end date. This is an example of what type of risk response?
- A. Negative risk response, because crashing will add costs.
- B. Positive risk response, as crashing is an example of exploiting.
- C. Positive risk response, as crashing is an example of enhancing.
- D. Negative risk response, because crashing will add risks.
Answer: C
Explanation:
Section: Volume C
Explanation:
This is a positive risk response, as crashing is an example of enhancing. You are enhancing the probability of finishing the project early to realize the reward of bonus. Enhancing doesn’t ensure positive risks, but it does increase the likelihood of the event.
Incorrect Answers:
A: Crashing is a positive risk response. Generally, crashing doesn’t add risks and is often confused with other predominant schedule compression techniques of fast tracking – which does add risks.
C: This isn’t an example of exploiting. Exploiting is an action to take advantage of a positive risk response that will happen.
D: Crashing does add costs, but in this instance, crashing is an example of the positive risk response of enhancing.
NEW QUESTION 25
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