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Which of the following is true for Single loss expectancy (SLE), Annual rate of occurrence (ARO), and Annual loss expectancy (ALE)?
Which of the following is true for Single loss expectancy (SLE), Annual rate of occurrence (ARO), and Annual loss expectancy (ALE)?A . ALE= ARO/SLEB . ARO= SLE/ALEC . ARO= ALE*SLED . ALE= ARO*SLEView AnswerAnswer: D Explanation: A quantitative risk assessment quantifies risk in terms of numbers such as dollar values....
What Risk Priority Number (RPN) you would give to it?
You are the risk official in Bluewell Inc. You are supposed to prioritize several risks. A risk has a rating for occurrence, severity, and detection as 4, 5, and 6, respectively. What Risk Priority Number (RPN) you would give to it?A . 120B . 100C . 15D . 30View AnswerAnswer:...
Which of the following is the MOST important use of KRIs?
Which of the following is the MOST important use of KRIs?A . Providing a backward-looking view on risk events that have occurredB . Providing an early warning signalC . Providing an indication of the enterprise's risk appetite and toleranceD . Enabling the documentation and analysis of trendsView AnswerAnswer: B Explanation:...
Which type of risk response is this?
A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?A . TransferenceB . MitigationC . AvoidanceD . ExploitView AnswerAnswer: A Explanation: When you...
Which of the following tools would you use to choose the appropriate risk response?
You are the project manager of a project in Bluewell Inc. You and your project team have identified several project risks, completed risk analysis, and are planning to apply most appropriate risk responses. Which of the following tools would you use to choose the appropriate risk response?A . Project network...
Which of the following role carriers will decide the Key Risk Indicator of the enterprise? Each correct answer represents a part of the solution. Choose two.
Which of the following role carriers will decide the Key Risk Indicator of the enterprise? Each correct answer represents a part of the solution. Choose two.A . Business leadersB . Senior managementC . Human resourceD . Chief financial officerView AnswerAnswer: AB Explanation: An enterprise may have hundreds of risk indicators...
Which of the following tools would you use to choose the appropriate risk response?
You are the project manager of a project in Bluewell Inc. You and your project team have identified several project risks, completed risk analysis, and are planning to apply most appropriate risk responses. Which of the following tools would you use to choose the appropriate risk response?A . Project network...
What are the two MAJOR factors to be considered while deciding risk appetite level? Each correct answer represents a part of the solution. Choose two.
What are the two MAJOR factors to be considered while deciding risk appetite level? Each correct answer represents a part of the solution. Choose two.A . The amount of loss the enterprise wants to acceptB . Alignment with risk-cultureC . Risk-aware decisionsD . The capacity of the enterprise's objective to...
The team has the option to use all of the following tools and techniques to diagram some of these potential risks EXCEPT for which one?
You are the project manager of GHT project. Your project team is in the process of identifying project risks on your current project. The team has the option to use all of the following tools and techniques to diagram some of these potential risks EXCEPT for which one?A . Process...
Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?
John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of...
