Explanation/Reference:
Explanation:
Risk register update is the only output of the choices presented for the qualitative risk analysis process.
The four inputs for the qualitative risk analysis process are the risk register, risk management plan, project scope statement, and organizational process assets. The output of perform qualitative risk analysis process is Risk Register Updates. Risk register is updated with the information from perform qualitative risk analysis and the updated risk register is included in the project documents. Updates include the following important elements:
Relative ranking or priority list of project risks

Risks grouped by categories

Causes of risk or project areas requiring particular attention

List of risks requiring response in the near-term

List of risks for additional analysis and response

Watchlist of low priority risks

Trends in qualitative risk analysis results

Incorrect Answers:
A, C, D: These are not the valid outputs for the qualitative risk analysis process.

is incorrect. The activity cost estimates review is valuable in identifying risks as it provides a quantitative assessment of the expected cost to complete scheduled activities and is expressed as a range, with a width of the range indicating the degrees of risk. Answer: D is incorrect. It describes how the schedule contingencies will be reported and assessed. Answer: C is incorrect. A Risk management plan is a document arranged by a project manager to estimate the effectiveness, predict risks, and build response plans to mitigate them. It also consists of the risk assessment matrix.

Section: Volume D
Explanation:
Transference is the risk response that transfers the risk to a third party, usually for a fee. Insurance and subcontracting of dangerous works are two common examples of transference with a contractual obligation.
Incorrect Answers:
A: Sharing is a positive risk response. Note that sharing may also have contractual obligations, sometimes called teaming agreements.
C: Mitigation is a negative risk response used to lower the probability and/or impact of a risk event.
D: Exploiting is a positive risk response and not a negative response and doesn't have contractual obligations.

Explanation/Reference:
Explanation:
Probability that an actual return on an investment will be lower than the investor's expectations is termed as investment risk or expense risk. All investments have some level of risk associated with it due to the unpredictability of the market's direction. This includes consideration of the overall IT investment portfolio.
Incorrect Answers:
A: The risk that data cannot be relied on because they are unauthorized, incomplete or inaccurate is termed as integrity risks.
B: The risk of IT projects failing to meet objectives due to lack of accountability and commitment is referring to as project risk ownership.
C: The risk associated with not receiving the right information to the right people (or process or systems) at the right time to allow the right action to be taken is termed as relevance risk.

is incorrect. IT architecture complexity is related to the risk assessment and not the risk management, as it does much help in evaluating each significant risk identified. Answer: D is incorrect. Risk assessment is one of the various phases that occur while managing risks, which uses quantitative and qualitative approach to evaluate risks. Hence riskassessmentcriteria is only a part of this framework.