Explanation/Reference:
Explanation:
The project development team and appropriate end users perform a post-project review jointly after the project has been completed and the system has been in production for a sufficient time period to assess its effectiveness.
Incorrect Answers:
B: The post-project review of project for accessing effectiveness cannot be done during the project as effectiveness can only evaluated after setting the project in process of production.
C: It is not done immediately after the completion of the project as its effectiveness cannot be measured until the system has been in production for certain time period.
D: Post-project review for evaluating the effectiveness of the project can only be done after the completion of the project and the project is in production phase.

Section: Volume D
Explanation/Reference:

is incorrect. Section 404 of the Sarbanes-Oxley Act states that annual assessments of
internal controls are the responsibility of management.

Section: Volume C
Explanation:
Business process owners are in best position to judge the risks and impact, as they are most knowledgeable concerning their systems. Hence they are most suitable for developing and identifying risks on business.
Incorrect Answers:
A, B, D: Internal auditors, security managers, external regulators would not understand the impact on business to the extent that business owners could. Hence business owner is the best authority.

Explanation/Reference:
Explanation:
A risk event is being exploited so as to identify the opportunities for positive impacts. 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.
Incorrect Answers:
A: To avoid a risk means to evade it altogether, eliminate the cause of the risk event, or change the project plan to protect the project objectives from the risk event.
B: Accepting is a risk response that is appropriate for positive or negative risk events. It does not pursue the risk, but documents the event and allows the risk to happen. Often acceptance is used for low probability and low impact risk events.
D: Enhancing is a positive risk response that aims to increase the probability and/or impact of the risk event.