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?
Correct Answer: B
is incorrect. Crashing does add costs, but in this instance, crashing is an example of the positive risk response of enhancing. Answer:A is incorrect. 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. Answer:C is incorrect. This isn't an example of exploiting. Exploiting is an action to take advantage of a positive risk response that will happen.
CRISC Exam Question 792
Which is the MOST important parameter while selecting appropriate risk response?
Correct Answer: A
is incorrect. This is one of the parameters that is considered but is not as important as considering cost of response. The importance of the risk is determined by the combination of likelihood and magnitude levels along with its position on the risk map. Answer:B is incorrect. This parameter is considered after analyzing the cost of response, which will further decide the level of sophistication of risk response. The enterprise's capability to implement the response means that if the risk management process is mature then the risk response is moreAnswer:D is incorrect. Efficiency of response can only be analyzed after applying the response. So it is the latter stage in selection of response.
CRISC Exam Question 793
You are the project manager of HFD project. You have identified several project risks. You have adopted alternatives to deal with these risks which do not attempt to reduce the probability of a risk event or its impacts. Which of the following response have you implemented?
Correct Answer: D,E,F,G
is incorrect. Risk avoidance means to evade risk altogether, eliminate the cause of the risk event, or change the project plan to protect the project objectives from the risk event.
CRISC Exam Question 794
Which of the following provides the MOST up-to-date information about the effectiveness of an organization's overall IT control environment?
Correct Answer: C
CRISC Exam Question 795
Which of the following BEST enables the risk profile to serve as an effective resource to support business objectives?