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Optimize Your CRISC Exam Prep, Practice Tests, Certified in Risk and Information Systems Control | SPOTO

Enhance your CRISC exam preparation and optimize your chances of success with SPOTO's comprehensive resources. Access a variety of practice tests and mock exams to gauge your readiness for the certification exam. Our exam materials, including exam dumps and sample questions, reinforce your understanding of key concepts in risk management and information systems control. Utilize our exam simulator for realistic exam practice, allowing you to familiarize yourself with the exam format and improve your time management skills. With SPOTO, you'll have all the tools you need to excel in your CRISC certification journey. Start your exam preparation today and become a certified risk management expert capable of optimizing risk management across your organization.
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Question #1
You are working as a project manager in Bluewell Inc.. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control?
A. Qualitative risk analysis B
C. Quantitative risk analysis
D. Requested changes
View answer
Correct Answer: C
Question #2
How residual risk can be determined?
A. By determining remaining vulnerabilities after countermeasures are in place
B. By transferring all risks
D. By risk assessment
View answer
Correct Answer: ACD
Question #3
Which among the following is the BEST reason for defining a risk response?
A. To eliminate risk from the enterprise
B. To ensure that the residual risk is within the limits of the risk appetite and tolerance
C. To overview current status of risk
D. To mitigate risk
View answer
Correct Answer: D
Question #4
Which of the following is the MOST effective inhibitor of relevant and efficient communication?
A. A false sense of confidence at the top on the degree of actual exposure related to IT and lack of a well-understood direction for risk management from the top down
B. The perception that the enterprise is trying to cover up known risk from stakeholders C
D. Misalignment between real risk appetite and translation into policies
View answer
Correct Answer: D
Question #5
Which among the following is the MOST crucial part of risk management process?
A. Risk communication
B. Auditing
C. Risk monitoring
D. Risk mitigation
View answer
Correct Answer: D
Question #6
Which of the following is the process of numerically analyzing the effects of identified risks on the overall enterprise's objectives?
A. Identifying Risks
B. Quantitative Risk Assessment
C. Qualitative Risk Assessment
D. Monitoring and Controlling Risks
View answer
Correct Answer: D
Question #7
What is the IMMEDIATE step after defining set of risk scenarios?
A. Risk mitigation
B. Risk monitoring
C. Risk management
D. Risk analysis
View answer
Correct Answer: B
Question #8
You are the project manager for Bluewell Inc. You are studying the documentation of project plan. The documentation states that there are twenty-five stakeholders with the project. What will be the number of communication channel s for the project?
A. 20
B. 100
C. 50
D. 300
View answer
Correct Answer: B
Question #9
Kelly is the project manager of the NNQ Project for her company. This project will last for one year and has a budget of $350,000. Kelly is working with her project team and subject matter experts to begin the risk response planning process. What are the two inputs that Kelly would need to begin the plan risk response process?
A. Risk register and the results of risk analysis
B. Risk register and the risk response plan
C. Risk register and power to assign risk responses
D. Risk register and the risk management plan
View answer
Correct Answer: B
Question #10
You are working as the project manager of the ABS project. The project is for establishing a computer network in a school premises. During the project execution, the school management asks to make the campus Wi-Fi enabled. You know that this may impact the project adversely. You have discussed the change request with other stakeholders. What will be your NEXT step? A. Update project management plan.
B. Issue a change request
C. Analyze the impact
D. Update risk management plan
View answer
Correct Answer: D
Question #11
Which of the following BEST measures the operational effectiveness of risk management capabilities?
A. Capability maturity models (CMMs)
B. Metric thresholds
C. Key risk indicators (KRIs)
D. Key performance indicators (KPIs)
View answer
Correct Answer: B
Question #12
Fred is the project manager of a large project in his organization. Fred needs to begin planning the risk management plan with the project team and key stakeholders. Which plan risk management process tool and technique should Fred use to plan risk management?
A. Information gathering techniques
B. Data gathering and representation techniques
C. Planning meetings and analysis
D. Variance and trend analysis
View answer
Correct Answer: ABD
Question #13
There are four inputs to the Monitoring and Controlling Project Risks process. Which one of the following will NOT help you, the project manager, to prepare for risk monitoring and controlling? A. Risk register
B. Work Performance Information
C. Project management plan
D. Change requests
View answer
Correct Answer: A
Question #14
Which of the following is MOST appropriate method to evaluate the potential impact of legal, regulatory, and contractual requirements on business objectives?
A. Communication with business process stakeholders
B. Compliance-oriented business impact analysis C
D. Mapping of compliance requirements to policies and procedures
View answer
Correct Answer: B
Question #15
What are the steps that are involved in articulating risks? Each correct answer represents a complete solution. Choose three.
A. Identify business opportunities
B. Identify the response
C. Communicate risk analysis results and report risk management activities and the state of compliance
D. Interpret independent risk assessment findings
View answer
Correct Answer: AD
Question #16
Which of the following should be considered to ensure that risk responses that are adopted are cost-effective and are aligned with business objectives? Each correct answer represents a part of the solution. Choose three.
A. Identify the risk in business terms
B. Recognize the business risk appetite
C. Adopt only pre-defined risk responses of business
D. Follow an integrated approach in business
View answer
Correct Answer: A
Question #17
You are the project manager of project for a client. The client has promised your company a bonus, if the project is completed early. After studying the project work, you elect to crash the project in order to realize the early end date. This is an example of what type of risk response?
A. Negative risk response, because crashing will add risks
C. Positive risk response, as crashing is an example of exploiting
D. Negative risk response, because crashing will add costs
View answer
Correct Answer: B
Question #18
Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?
A. The events should be entered into qualitative risk analysis
B. The events should be determined if they need to be accepted or responded to
C. The events should be entered into the risk register
D. The events should continue on with quantitative risk analysis
View answer
Correct Answer: B
Question #19
You are the project manager of GHT project. You have initiated the project and conducted the feasibility study. What result would you get after conducting feasibility study? Each correct answer represents a complete solution. Choose all that apply.
A. Recommend alternatives and course of action
B. Risk response plan
C. Project management plan
D. Results of criteria analyzed, like costs, benefits, risk, resources required and organizational impact
View answer
Correct Answer: A
Question #20
You are the project manager of your project. You have to analyze various project risks. You have opted for quantitative analysis instead of qualitative risk analysis. What is the MOST significant drawback of using quantitative analysis over qualitative risk analysis?
A. lower objectivity
B. higher cost
C. higher reliance on skilled personnel
D. lower management buy-in
View answer
Correct Answer: B
Question #21
You are the project manager of GHT project. You want to perform post-project review of your project. What is the BEST time to perform post-project review by you and your project development team to access the effectiveness of the project?
A. Project is completed and the system has been in production for a sufficient time period
B. During the project
C. Immediately after the completion of the project
D. Project is about to complete
View answer
Correct Answer: C
Question #22
Which of the following aspects are included in the Internal Environment Framework of COSO ERM? Each correct answer represents a complete solution. Choose three.
A. Enterprise's integrity and ethical values
B. Enterprise's working environment
C. Enterprise's human resource standards
D. Enterprise's risk appetite
View answer
Correct Answer: ABD
Question #23
You are the project manager for your organization. You are preparing for the quantitative risk analysis. Mark, a project team member, wants to know why you need to do quantitative risk analysis when you just completed qualitative risk analysis. Which one of the following statements best defines what quantitative risk analysis is?
A. Quantitative risk analysis is the review of the risk events with the high probability and the highest impact on the project objectives
B. Quantitative risk analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact
C. Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives
D. Quantitative risk analysis is the planning and quantification of risk responses based on probability and impact of each risk event
View answer
Correct Answer: A

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