Section: Volume C
Explanation:
Business management is the business individuals with roles relating to managing a program. They are typically accountable for analyzing risks, maintaining risk profile, and risk-aware decisions. Other than this, they are also responsible for managing risks, react to events, etc.
Incorrect Answers:
B: Business process owner is an individual responsible for identifying process requirements, approving process design and managing process performance. He/she is responsible for analyzing risks, maintaining risk profile, and risk-aware decisions but is not accounted for them.
C: CIO is the most senior official of the enterprise who is accountable for IT advocacy; aligning IT and business strategies; and planning, resourcing and managing the delivery of IT services and information and the deployment of associated human resources. CIO has some responsibility analyzing risks, maintaining risk profile, and risk-aware decisions but is not accounted for them.
D: CRO is the individual who oversees all aspects of risk management across the enterprise. He/she is responsible for analyzing risks, maintaining risk profile, and risk-aware decisions but is not accounted for them.

Section: Volume B
Explanation:
The first step after receiving any change request in a project must be first analyzed for its impact. Changes may be requested by any stakeholder involved with the project. Although, they may be initiated verbally, they should always be recorded in written form and entered into the change management and/or configuration management.
Incorrect Answers:
A, B, D: All these are the required steps depending on the change request. Any change request must be followed by the impact analysis of the change.

Explanation/Reference:
Explanation:
Secondary risks are the risks that come about as a result of implementing a risk response. This new risk event must be recorded, analyzed, and planned for management.
Incorrect Answers:
A: A residual risk event is similar to a secondary risk, but is often small in probability and impact, so it may just be accepted.
C: Infinitive risk is not a valid project management term.
D: Populated risk event is not a valid project management term.

Explanation/Reference:
Explanation:
Frameworks, standards and practices are necessary as:
They provide a systematic view of "things to be considered" that could harm clients or an enterprise.

They act as a guide to focus efforts of variant teams.

They save time and revenue, such as training costs, operational costs and performance improvement

costs.
They assist in achieving business objectives quickly and easily.