Which of the following statements BEST describes this risk event?

You are the project manager of GHT project. You have identified a risk event on your project thatcould save $100,000 in project costs if it occurs. Which of the following statements BESTdescribes this risk event? A.This risk event should be mitigated to take advantage of the savings. B.This is a risk event that should be […]

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What is the best reason for the duplicate risk identification sessions?

You are the project manager of a large construction project. This project will last for 18 monthsand will cost $750,000 to complete. You are working with your project team, experts, andstakeholders to identify risks within the project before the project work begins. Management wantsto know why you have scheduled so many risk identification meetings throughout […]

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What Risk Priority Number (RPN) you would give to it?

You are the risk official in Bluewell Inc. You are supposed to prioritize several risks. A risk has arating for occurrence, severity, and detection as 4, 5, and 6, respectively. What Risk PriorityNumber (RPN) you would give to it? A.120 B.100 C.15 D.30 Explanation: Steps involving in calculating risk priority number are as follows:Identify potential […]

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Which of the following is the MOST important use of KRIs?

Which of the following is the MOST important use of KRIs? A.Providing a backward-looking view on risk events that have occurred B.Providing an early warning signal C.Providing an indication of the enterprise’s risk appetite and tolerance D.Enabling the documentation and analysis of trends Explanation: Key Risk Indicators are the prime monitoring indicators of the enterprise. […]

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What are the requirements for creating risk scenarios?

What are the requirements for creating risk scenarios? Each correct answer represents a part ofthe solution. Choose three. A.Determination of cause and effect B.Determination of the value of business process at risk C.Potential threats and vulnerabilities that could cause loss D.Determination of the value of an asset Explanation: Creating a scenario requires determination of the […]

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Which project management plan will define who will be available to share information on the project risks?

You work as the project manager for Bluewell Inc. Your project has several risks that will affectseveral stakeholder requirements. Which project management plan will define who will beavailable to share information on the project risks? A.Resource Management Plan B.Risk Management Plan C.Stakeholder management strategy D.Communications Management Plan Explanation: The Communications Management Plan defines, in regard […]

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Which of the following controls is an example of non-technical controls?

Which of the following controls is an example of non-technical controls? A.Access control B.Physical security C.Intrusion detection system D.Encryption Explanation: Physical security is an example of non-technical control. It comes under the family of operationalcontrols.the safeguards that are incorporated into computer hardware, software or firmware, hence theyrefer to as technical controls. Show Answer

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