Question 1

As the sensitivity of the monitoring tool has to be changed, therefore it requires optimization of Key Risk Indicator. The monitoring tool which is giving alerts is itself acting as a risk indicator. Hence to change the sensitivity of the monitoring tool to give alert only for critical situations requires optimization of the KRI.

Incorrect Answers:

A, C, D: These options are not relevant to the change of sensitivity of the monitoring tools.

Options :

A : Acceptance

B : Transference

C : Enhance

D : Mitigation

Answer: A

Question 2

Which of the following matrices is used to specify risk thresholds?

Options :

A : Risk indicator matrix

B : Impact matrix

C :

Risk scenario matrix

D : Probability matrix

Answer: A

Question 3

Which of the following should be considered FIRST when creating a comprehensive IT risk register?

Options :

A : Risk mitigation policies

B : Risk appetite

C : Risk analysis techniques

D : Risk management budget

Answer: B

Question 4

When classifying and prioritizing risk responses, the areas to address FIRST are those with:

Options :

A : low cost effectiveness ratios and low risk levels.

B : high cost effectiveness ratios and low risk levels.

C : low cost effectiveness ratios and high risk levels.

D : high cost effectiveness ratios and high risk levels.

Answer: A

Question 5

You work as a project manager for Bluewell Inc. You have identified a project risk. You have then implemented the risk action plan and it turn out to be non- effective. What type of plan you should implement in such case?

Options :

A : Risk mitigation

B : Risk fallback plan

C : Risk avoidance

D : Risk response plan

Answer: B

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