Explanation/Reference:
Explanation:
Inspection of FISMA is required to be done annually. Each year, agencies must have an independent evaluation of their program. The objective is to determine the effectiveness of the program. These evaluations include:
Testing for effectiveness: Policies, procedures, and practices are to be tested. This evaluation does not

test every policy, procedure, and practice. Instead, a representative sample is tested.
An assessment or report: This report identifies the agency's compliance as well as lists compliance with

FISMA. It also lists compliance with other standards and guidelines.
Incorrect Answers:
B, C, D: Auditing of compliance by external organization is done annually, not quarterly or every three year.

is incorrect. Contagious risks are those risk events that happen with several of the enterprise's business partners within a very short time frame. Answer: C and B are incorrect. Their scopes do not limit to the important or general enterprise's business partners. These risks can occur with both. Operational risks are those risks that are associated with the day-to-day operations of the enterprise. It is the risk of loss resulting from inadequate or failed internal processes, people and
systems, or from external events.
Reporting risks are caused due to wrong reporting which leads to bad decision. This bad decision
due to wrong report hence causes a risk on the functionality of the organization.

Section: Volume C
Explanation:
The risk management plan, part of the comprehensive management plan, defines how risks will be identified, analyzed, monitored and controlled, and even responded to.
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.
Risks are built in with any project, and project managers evaluate risks repeatedly and build plans to address them. The risk management plan consists of analysis of possible risks with both high and low impacts, and the mitigation strategies to facilitate the project and avoid being derailed through which the common problems arise. Risk management plans should be timely reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critically, risk management plans include a risk strategy for project execution.
Incorrect Answers:
A: The project plan is not an official PMBOK project management plan.
B: The resource management plan defines the management of project resources, such as project team members, facilities, equipment, and contractors.
C: The project management plan is a comprehensive plan that communicates the intent of the project for all project management knowledge areas.