Question 1

You are the risk official at Bluewell Inc. There are some risks that are posing threat on your enterprise. You are measuring exposure of those risk factors, which has the highest potential, by examining the extent to which the uncertainty of each element affects the object under consideration when all other uncertain elements are held at their baseline values. Which type of analysis you are performing?

Options :

A : Sensitivity analysis

B : Fault tree analysis

C : Cause-and-effect analysis

D : Scenario analysis

Answer: A

Question 2

Which of the following BEST enables the identification of trends in risk levels?

Options :

A : Measurements for key risk indicators (KRIs) are repeatable

B : Qualitative definitions for key risk indicators (KRIs) are used

C : Quantitative measurements are used for key risk indicators (KRIs)

D : Correlation between risk levels and key risk indicators (KRIs) is positive

Answer: A

Question 3

Which of the following is the BEST indicator of the effectiveness of a control action plan's implementation?

Options :

A : Increased risk appetite

B : Increased number of controls

C : Reduced risk level

D : Stakeholder commitment

Answer: C

Question 4

You are the project manager of GHT project. You and your team have developed risk responses for those risks with the highest threat to or best opportunity for the project objectives. What are the immediate steps you should follow, after planning for risk response process? Each correct answer represents a complete solution. (Choose three.)

Options :

A : Updating Project management plan and Project document

B : Applying controls

C : Updating Risk register

D : Prepare Risk-related contracts

Answer: A,C,D

Question 5

A systems interruption has been traced to a personal USB device plugged into the corporate network by an IT employee who bypassed internal control procedures. Of the following, who should be accountable?

Options :

A : Chief risk officer (CRO)

B : Business continuity manager (BCM)

C : Human resources manager (HRM)

D : Chief information officer (CIO)

Answer: D