Explanation/Reference:
Explanation:
This is a project issue. It is easy to confuse this as a project risk; however, a project risk is always in the future. In this case, the delay by the permitting agency has already happened; hence this is a project issue.
The possible impact of this delay on the project cost, schedule, or performance can be classified as a project risk.
Incorrect Answers:
A: It is easy to confuse this as a project risk; however, a project risk is always in the future. In this case, the delay by the permitting agency has already happened; hence this is a project issue.
B, C: These are options are not valid.

Section: Volume B
Explanation:
Mitigation is the strategy that provides for the definition and implementation of controls to address the risk described. Here in this scenario, you are trying to reduce the risk of operation failure by guiding administrator to take daily backup, hence it is risk mitigation.
Risk mitigation attempts to reduce the probability of a risk event and its impacts to an acceptable level. Risk mitigation can utilize various forms of control carefully integrated together. The main control types are:
* Managerial(e.g.,policies)
* Technical (e.g., tools such as firewalls and intrusion detection systems)
* Operational (e.g., procedures, separation of duties)
* Preparedness activities
Incorrect Answers:
A: The scenario does not describe risk avoidance. Avoidance is a strategy that provides for not implementing certain activities or processes that would incur risk.
B: The scenario does not describe the sharing of risk. Transference is the strategy that provides for sharing risk with partners or taking insurance coverage.
C: The scenario does not describe risk acceptance, Acceptance is a strategy that provides for formal acknowledgment of the existence of a risk and the monitoring of that risk.

Section: Volume D

is incorrect. Impacts represent the outcome or result of a threat exploiting a
vulnerability. The stem does not describe an impact.