Explanation/Reference:
Explanation:
The primary goal of qualitative risk analysis is to determine proportion of effect and theoretical response.
The inputs to the Qualitative Risk Analysis process are:
Organizational process assets

Project Scope Statement

Risk Management Plan

Risk Register

Incorrect Answers:
B: The cost management plan is the input to the perform quantitative risk analysis process.

Explanation/Reference:
Explanation:
Section 302 of Sarbanes-Oxley act has the tremendous impact on the risk management solution adopted by corporations. This section specifies that the reports must be certified by the CEO, CFO, or other senior officer performing similar functions.
Certification of reports establishes:
The signing officer has reviewed the report.

The financial statement does not contain, to the knowledge of signing officer, any materially untrue or

misleading information and represent fairly all financial conditions and results of the enterprise's operations.
The signing officers:

- are responsible for establishing and maintaining internal controls
- have designed such internal controls to ensure that material information relating to the issuer and its consolidated subsidiaries is made - known to such officers by others within those entities, particularly during the period in which the periodic reports are being prepared
- have evaluated the effectiveness of the issuer's internal controls as of a date within 90 days prior to the report
- have presented in the report their conclusions about the effectiveness of their internal controls base on their evaluation as of that date The signing officer have disclosed to external auditors, audit committee, and other directors:

- all significant deficiencies in the design or operation of internal controls which could adversely affect the reliability of the reported financial data
- any fraud, whether or not material, that involves management or other employees who have a significant role in the internal controls of the enterprise The signing officer have indicated in the report any internal controls or changes to those internal

controls which have been implemented since they were evaluated.
Incorrect Answers:
A: The signing officer has evaluated the effectiveness of the issuer's internal controls as of a date within 90 days prior to the report, not at the time of the report.

Explanation/Reference:
Explanation:
A risk fallback plan is a proper plan devised to identify definite action to be taken if the risk action plan (Risk Mitigation Plan) is not helpful. Fallback plan is important in Risk Response Planning. If the contingency plan for a risk is not successful, then the project team implements the fallback plan. Fall-back planning is intended for a known and specific activity that may perhaps fail to produce desired outcome. It is related with technical procedures and with the responsibility of the technical lead.
Incorrect Answers:
A, C, D: These all choices itself comes under risk action plan. As in the described scenario, risk action plan is not turned to be effective, these should not be implemented again.

is incorrect. The reason to include the project team is that the project team needs to develop a sense of ownership for the risks and associated risk responsibilities, not to assign risk ownership and risk responses at this point.