Free Access ISACA.CRISC.v2022-05-05.q821 Practice Test (Page 160)

Question 791

Which of the following is the MOST important characteristic of an effective risk management program?

A.Risk response plans are documented.

B.Key risk indicators are defined.

C.Risk ownership is assigned.

D.Controls are mapped to key risk scenarios.

Question 792

Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If your organization seizes this opportunity it would be an example of what risk response?

A.Enhancing

B.Positive

C.Opportunistic

D.Exploiting

E.Explanation:
This is an example of exploiting a positive risk - a by-product of a project is an excellent example of exploiting a risk. Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities for positive impact on a project. Assigning more talented resources to the project to reduce the time to completion is an example of exploit response.

Question 793

When developing a new risk register, a risk practitioner should focus on which of the following risk management activities?

A.Risk management strategy planning

B.Risk response planning

C.Risk identification

D.Risk monitoring and control

Question 794

Which of the following is an acceptable method for handling positive project risk?

A.Exploit

B.Avoid

C.Mitigate

D.Transfer

Question 795

Which of the following provides the MOST useful information when developing a risk profile for management approval?

A.Inherent risk and risk tolerance

B.Effectiveness and efficiency of controls

C.Residual risk and risk appetite

D.Strength of detective and preventative controls

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Question 791

Question 792

Question 793

Question 794

Question 795

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