Question 1

Which of the following will BEST ensure that controls adequately support business goals and objectives?

Options :

A : Using the risk management process

B : Enforcing strict disciplinary procedures in case of noncompliance

C : Adopting internationally accepted controls

D : Reviewing results of the annual company external audit

Answer: A

Question 2

You are the project manager of GHT project. You have identified a risk event on your project that could save $100,000 in project costs if it occurs. Which of the following statements BEST describes this risk event?

Options :

A : This risk event should be mitigated to take advantage of the savings.

B : This is a risk event that should be accepted because the rewards outweigh the threat to the project.

C : This risk event should be avoided to take full advantage of the potential savings.

D : This risk event is an opportunity to the project and should be exploited.

Answer: D

Question 3

You are the project manager of a HGT project that has recently finished the final compilation process. The project customer has signed off on the project completion and you have to do few administrative closure activities. In the project, there were several large risks that could have wrecked the project but you and your project team found some new methods to resolve the risks without affecting the project costs or project completion date. What should you do with the risk responses that you have identified during the project's monitoring and controlling process?

Options :

A : Include the responses in the project management plan.

B : Include the risk responses in the risk management plan.

C : Include the risk responses in the organization-s lessons learned database.

D : Nothing. The risk responses are included in the project-s risk register already.

Answer: C

Question 4

Which of the following is performed after a risk assessment is completed?

Options :

A : Identifying vulnerabilities

B : Conducting an impact analysis

C : Defining risk response options

D : Defining risk taxonomy

Answer: C

Question 5

You are the risk official of your enterprise. Your enterprise takes important decisions without considering risk credential information and is also unaware of external requirements for risk management and integration with enterprise risk management. In which of the following risk management capability maturity levels does your enterprise exists?

Options :

A : Level 1

B : Level 0

C : Level 5

D : Level 4

Answer: B