CRISC Exam Dumps | Assessing the probability and consequences of identified risks to the project objectives, assigning a

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Question 575/743

Assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks describes which of the following processes?

A. Qualitative Risk Analysis

B. Plan Risk Management

C. Identify Risks

D. Quantitative Risk Analysis

E. Explanation:
The purpose of qualitative risk analysis is to determine what impact the identified risk events will have on the project and the probability they'll occur. It also puts risks in priority order according to their effects on the project objectives and assigns a risk score for the project.

F. is incorrect. This process does not involve assessing the probability and consequences of identified risks. Quantitative analysis is the use of numerical and statistical techniques rather than the analysis of verbal material for analyzing risks. Some of the quantitative methods of risk analysis are: Internal loss method External data analysis Business process modeling (BPM) and simulation Statistical process control (SPC) Answer:C is incorrect. It involves listing of all the possible risks so as to cure them before it can occur. In risk identification both threats and opportunities are considered, as both carry some level
of risk with them.

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Beth has a...; Question 456: Which of the following actions assures management that the o...; Question 457: Which of the following vulnerability assessment software can...; Question 458: You are the risk official at Bluewell Inc. There are some ri...; Question 459: Mary is a project manager in her organization. On her curren...; Question 460: The BEST control to mitigate the risk associated with projec...; Question 461: An organization is implementing internet of Things (loT) tec...; Question 462: When developing IT risk scenarios, it is CRITICAL to involve...; Question 463: You are the project manager of the PFO project. You are work...; Question 464: A bank recently incorporated Blockchain technology with the ...; Question 465: You are working in an enterprise. Your enterprise owned vari...; Question 466: Which of the following documents is described in the stateme...; Question 467: The following is the snapshot of a recently approved IT risk...; Question 468: Which of the following risks is the risk that happen with an...; Question 469: Which of the following IT key risk indicators (KRIs) provide...; Question 470: A management team is on an aggressive mission to launch a ne...; Question 471: What are the requirements for creating risk scenarios? Each ...; Question 472: Which of the following would provide executive management wi...; Question 473: Which of the following is the MOST important data attribute ...; Question 474: IT risk assessments can BEST be used by management:...; Question 475: Which of the following is the PRIMARY purpose of analyzing l...; Question 476: Which of the following activities BEST facilitates effective...; Question 477: Which of the following is the MOST important use of KRIs?...; Question 478: David is the project manager of HRC project. He concluded wh...; Question 479: When updating the risk register after a risk assessment, whi...; Question 480: Which of the following BEST facilitates the development of e...; Question 481: An organization's chief technology officer (CTO) has decided...; Question 482: Senior management wants to increase investment in the organi...; Question 483: Which of the following come under the management class of co...; Question 484: Which of the following is the MOST important concern when as...; Question 485: Which of the following should be the PRIMARY objective of pr...; Question 486: An organization has operations in a location that regularly ...; Question 487: Prior to selecting key performance indicators (KPIs), it is ...; Question 488: The PRIMARY reason to have risk owners assigned to entries i...; Question 489: Senior management has asked a risk practitioner to develop t...; Question 490: You are the project manager of HFD project. You have identif...; Question 491: Which of the following BEST enables a proactive approach to ...; Question 492: A risk practitioner recently discovered that personal inform...; Question 493: Which of the following is MOST important for an organization...; Question 494: An application runs a scheduled job that compiles financial ...; Question 495: What is the MAIN purpose of designing risk management progra...; Question 496: What should be PRIMARILY responsible for establishing an org...; Question 497: To help ensure the success of a major IT project, it is MOST...; Question 498: What are the responsibilities of the CRO? Each correct answe...; Question 499: A risk assessment indicates the residual risk associated wit...; Question 500: You work as a project manager for Bluewell Inc. You have ide...; Question 501: Risk appetite should be PRIMARILY driven by which of the fol...; Question 502: When evaluating enterprise IT risk management, it is MOST im...; Question 503: An organization's IT infrastructure is running end-of-life s...; Question 504: You are the project manager of the NHH Project. You are work...; Question 505: What are the MOST essential attributes of an effective Key c...; Question 506: Which of the following role carriers is accounted for analyz...; Question 507: Which of the following processes is described in the stateme...; Question 508: Which of the following are the common mistakes while impleme...; Question 509: After the review of a risk record, internal audit questioned...; Question 510: You are the risk professional in Bluewell Inc. A risk is ide...; Question 511: Which of the following test is BEST to map for confirming th...; Question 512: An organization is planning to engage a cloud-based service ...; Question 513: The only output of qualitative risk analysis is risk registe...; Question 514: UESTION NO: The PRIMARY benefit associated with key risk ind...; Question 515: An IT operations team implements disaster recovery controls ...; Question 516: You are the project manager of your enterprise. You have ide...; Question 517: Which of the following is the GREATEST risk associated with ...; Question 518: Which of the following is the BEST way to ensure that outsou...; Question 519: You are the project manager for BlueWell Inc. Your current p...; Question 520: Which of the following processes is described in the stateme...; Question 521: A web-based service provider with a low risk appetite for sy...; Question 522: It is MOST appropriate for changes to be promoted to product...; Question 523: An organization is considering outsourcing user administrati...; Question 524: Which of the following provides the MOST useful information ...; Question 525: FISMA requires federal agencies to protect IT systems and da...; Question 526: Which of the following is MOST essential for an effective ch...; Question 527: You work as a project manager for BlueWell Inc. Management h...; Question 528: When developing risk scenario using a list of generic scenar...; Question 529: An organization has engaged a third party to provide an Inte...; Question 530: Which of the following is the GREATEST benefit to an organiz...; Question 531: An organization has used generic risk scenarios to populate ...; Question 532: In which of the following risk management capability maturit...; Question 533: Which of the following is the process of numerically analyzi...; Question 534: You are the project manager of GHT project. You and your tea...; Question 535: Which of the following should be the PRIMARY focus of an ind...; Question 536: Which of the following components ensures that risks are exa...; Question 537: Which of the following observations from a third-party servi...; Question 538: Which of the following type of risk could result in bankrupt...; Question 539: Within the three lines of defense model, the accountability ...; Question 540: Which of the following is the MOST critical security conside...; Question 541: The MAIN goal of the risk analysis process is to determine t...; Question 542: Which of the following events refer to loss of integrity? Ea...; Question 543: Which of the following is the BEST indicator of the effectiv...; Question 544: Which of the following are the MOST important risk component...; Question 545: Which of the following provides the BEST evidence that risk ...; Question 546: Which of the following is NOT true for Key Risk Indicators?...; Question 547: Which of the following is MOST helpful in identifying loss m...; Question 548: Which of the following is the BEST indicator of the effectiv...; Question 549: Which of the following is the BEST way to validate the resul...; Question 550: Which of the following is NOT true for risk management capab...; Question 551: You are the project manager of GHT project. You are performi...; Question 552: Which of the following control is used to ensure that users ...; Question 553: You work as a Project Manager for Company Inc. You have to c...; Question 554: You are the project manager for the NHH project. You are wor...; Question 555: An organization has outsourced a critical process involving ...; Question 556: Which of the following components of risk scenarios has the ...; Question 557: A risk assessment has identified that an organization may no...; Question 558: You work as a Project Manager for Company Inc. You have to c...; Question 559: An IT license audit has revealed that there are several unli...; Question 560: You are preparing to complete the quantitative risk analysis...; Question 561: "Read" rights to application files in a controlled server en...; Question 562: You are completing the qualitative risk analysis process wit...; Question 563: Which of the following is the MOST effective way 10 identify...; Question 564: A risk practitioner shares the results of a vulnerability as...; Question 565: Which of the following laws applies to organizations handlin...; Question 566: Risk aggregation in a complex organization will be MOST succ...; Question 567: Which of the following BEST enables the identification of tr...; Question 568: While defining the risk management strategies, what are the ...; Question 569: Which of the following methods involves the use of predictiv...; Question 570: An organization is considering acquiring a new line of busin...; Question 571: The PRIMARY purpose of IT control status reporting is to:...; Question 572: Which of the following should be the FIRST consideration whe...; Question 573: You are the project manager of your enterprise. You have int...; Question 574: To mitigate the risk of using a spreadsheet to analyze finan...; Question 575: Assessing the probability and consequences of identified ris...; Question 576: Which of the following processes is described in the stateme...; Question 577: You are the project manager of GHT project. During the data ...; Question 578: An organization has decided to outsource a web application, ...; Question 579: Which of the following is the BEST way to identify changes i...; Question 580: Which of the following would BEST help to ensure that identi...; Question 581: During the control evaluation phase of a risk assessment, it...; Question 582: Which of the following is an output of risk assessment proce...; Question 583: Which of the following is the way to verify control effectiv...; Question 584: You are working on a project in an enterprise. Some part of ...; Question 585: Which of the following is the BEST control to detect an adva...; Question 586: Which of the following is the FIRST step when conducting a b...; Question 587: You have identified several risks in your project. You have ...; Question 588: To which level the risk should be reduced to accomplish the ...; Question 589: You are the project manager of GHT project. A risk event has...; Question 590: Which of the following is the best reason for performing ris...; Question 591: Jeff works as a Project Manager for www.company.com Inc. He ...; Question 592: It is MOST important for a risk practitioner to have an awar...; Question 593: A company has located its computer center on a moderate eart...; Question 594: There are four inputs to the Monitoring and Controlling Proj...; Question 595: Which of the following would be MOST useful when measuring t...; Question 596: Vulnerabilities have been detected on an organization's syst...; Question 597: Which of the following is the MAIN reason for analyzing risk...; Question 598: You work as a Project Manager for Company Inc. You have to c...; Question 599: Which of the following is the MOST important consideration w...; Question 600: Which of the following is MOST important to understand when ...; Question 601: Numerous media reports indicate a recently discovered techni...; Question 602: A PRIMARY function of the risk register is to provide suppor...; Question 603: The number of tickets to rework application code has signifi...; Question 604: Which of the following is MOST important to the integrity of...; Question 605: You are the project manager of a SGT project. You have been ...; Question 606: Which of the following provides the MOST comprehensive infor...; Question 607: Which of the following represents a vulnerability?...; Question 608: An organization has experienced several incidents of extende...; Question 609: Which of the following is the MOST important information to ...; Question 610: Which of the following roles would be MOST helpful in provid...; Question 611: You are the project manager of your enterprise. You have ide...; Question 612: Which of the following should be a risk practitioner's NEXT ...; Question 613: Which of The following is the BEST way to confirm whether ap...; Question 614: Participants in a risk workshop have become focused on the f...; Question 615: Before assigning sensitivity levels to information it is MOS...; Question 616: You are working in Bluewell Inc. which make advertisement We...; Question 617: Suppose you are working in Techmart Inc. which sells various...; Question 618: The BEST key performance indicator (KPI) to measure the effe...; Question 619: When does the Identify Risks process take place in a project...; Question 620: You are the project manager of GHT project. Your hardware ve...; Question 621: Your project team has completed the quantitative risk analys...; Question 622: Which of the following is the MOST important objective of th...; Question 623: Which of the following is true for risk management framework...; Question 624: Who is responsible for IT security controls that are outsour...; Question 625: Which of the following decision tree nodes have probability ...; Question 626: You are the project manager for the NHH project. You are wor...; Question 627: You are the risk official of your enterprise. Your enterpris...; Question 628: Which of the following techniques would be used during a ris...; Question 629: Which of the following presents the GREATEST challenge to ma...; Question 630: Which of the following would qualify as a key performance in...; Question 631: Numerous media reports indicate a recently discovered techni...; Question 632: You are the project manager of the GHY project for your comp...; Question 633: The PRIMARY benefit associated with key risk indicators (KRI...; Question 634: Print jobs containing confidential information are sent to a...; Question 635: Which of the following is a risk practitioner's BEST course ...; Question 636: Which negative risk response usually has a contractual agree...; Question 637: What should a risk practitioner do FIRST when vulnerability ...; Question 638: You are the project manager for BlueWell Inc. You have notic...; Question 639: When confirming whether implemented controls are operating e...; Question 640: Which of the following is the GREATEST advantage of implemen...; Question 641: An organization has outsourced its lease payment process to ...; Question 642: The BEST metric to monitor the risk associated with changes ...; Question 643: Which of the following are risk components of the COSO ERM f...; Question 644: Which of the following would provide the MOST helpful input ...; Question 645: Which of the following would BEST enable a risk-based decisi...; Question 646: An organization maintains independent departmental risk regi...; Question 647: An organization has used generic risk scenarios to populate ...; Question 648: Which of the following is MOST important to review when dete...; Question 649: Which of the following is the MOST important benefit of key ...; Question 650: Your project is an agricultural-based project that deals wit...; Question 651: Which of the following is MOST important when developing ris...; Question 652: Which of the following would provide executive management wi...; Question 653: Which of the following statements is true for risk analysis?...; Question 654: Which of the following risk register updates is MOST importa...; Question 655: An organization delegates its data processing to the interna...; Question 656: Which of the following is a risk practitioner's BEST recomme...; Question 657: Performing a background check on a new employee candidate be...; Question 658: Which of the following is the PRIMARY reason for a risk prac...; Question 659: An organization is considering allowing users to access comp...; Question 660: Which of the following BEST helps to identify significant ev...; Question 661: Which of the following come under the management class of co...; Question 662: Which of the following is the GREATEST benefit of having a m...; Question 663: The BEST key performance indicator (KPI) to measure the effe...; Question 664: In response to the threat of ransomware, an organization has...; Question 665: An organization has determined a risk scenario is outside th...; Question 666: You are the project manager of your enterprise. While perfor...; Question 667: Which of the following is the BEST way to identify changes t...; Question 668: Which of the following is the MOST effective method for indi...; Question 669: When testing the security of an IT system, il is MOST import...; Question 670: When a risk cannot be sufficiently mitigated through manual ...; Question 671: Which of the following is the BEST approach to use when crea...; Question 672: Which of the following is the MOST effective method for indi...; Question 673: An IT control gap has been identified in a key process. Who ...; Question 674: Which of the following BEST measures the operational effecti...; Question 675: Which of the following is the BEST course of action when an ...; Question 676: A risk practitioner has learned that an effort to implement ...; Question 677: As part of an overall IT risk management plan, an IT risk re...; Question 678: A risk practitioner is assisting with the preparation of a r...; Question 679: Which of the following decision tree nodes have probability ...; Question 680: Which of the following role carriers has to account for coll...; Question 681: What are the PRIMARY requirements for developing risk scenar...; Question 682: Which of the following would provide the MOST objective asse...; Question 683: Which of the following should be the PRIMARY basis for prior...; Question 684: You are the IT manager in Bluewell Inc. You identify a new r...; Question 685: Improvements in the design and implementation of a control w...; Question 686: When developing a risk awareness training program, which of ...; Question 687: As pan of business continuity planning, which of the followi...; Question 688: Using key risk indicators (KRIs) to illustrate changes in th...; Question 689: You are the risk professional of your enterprise. You need t...; Question 690: Which of the following BEST indicates that an organization h...; Question 691: Which of the following should be the MAIN consideration when...; Question 692: What is the process for selecting and implementing measures ...; Question 693: An organization maintains independent departmental risk regi...; Question 694: Which of the following is true for risk management framework...; Question 695: Harry is the project manager of HDW project. He has identifi...; Question 696: Which of the following is the greatest risk to reporting?...; Question 697: A risk practitioner has determined that a key control does n...; Question 698: You are the project manager of GHT project. You have identif...; Question 699: What should be PRIMARILY responsible for establishing an org...; Question 700: The BEST key performance indicator (KPI) for monitoring adhe...; Question 701: Which of the following would present the GREATEST challenge ...; Question 702: Suppose you are working in Techmart Inc. which sells various...; Question 703: Which of the following is the MOST important course of actio...; Question 704: Of the following, who should be responsible for determining ...; Question 705: Which of the following are parts of SWOT Analysis? Each corr...; Question 706: A risk practitioner discovers several key documents detailin...; Question 707: Suppose you are working in Company Inc. and you are using ri...; Question 708: Which of the following should be the MOST important consider...; Question 709: Mary is the project manager for the BLB project. She has ins...; Question 710: Which of the following is the PRIMARY reason to perform peri...; Question 711: Which of the following is true for Single loss expectancy (S...; Question 712: Which of the following is MOST likely to cause a key risk in...; Question 713: In an organization dependent on data analytics to drive deci...; Question 714: Which of the following is necessary to enable an IT risk reg...; Question 715: Which of the following are the security plans adopted by the...; Question 716: Which of the following facilitates a completely independent ...; Question 717: The annualized loss expectancy (ALE) method of risk analysis...; Question 718: You are the project manager of RFT project. You have identif...; Question 719: A risk practitioners PRIMARY focus when validating a risk re...; Question 720: Which of the following control is used to ensure that users ...; Question 721: Which of the following is a detective control?...; Question 722: Which of the following is the BEST approach when a risk prac...; Question 723: Which of the following would be of MOST concern to a risk pr...; Question 724: A risk practitioner is reviewing a vendor contract and finds...; Question 725: Which of the following are risk components of the COSO ERM f...; Question 726: Which of the following is the MOST important responsibility ...; Question 727: Which of The following would offer the MOST insight with reg...; Question 728: Which of the following would BEST help to ensure that suspic...; Question 729: You are the project manager of GHT project. You have applied...; Question 730: Which of the following laws applies to organizations handlin...; Question 731: Which of the following would be the BEST recommendation if t...; Question 732: Which of the following is the PRIMARY objective for automati...; Question 733: Which of the following is MOST helpful to ensure effective s...; Question 734: Which of the following key risk indicators (KRIs) is MOST ef...; Question 735: The PRIMARY reason for periodic penetration testing of Inter...; Question 736: What are the requirements of effectively communicating risk ...; Question 737: Which of the following should be considered to ensure that r...; Question 738: Which of the following aspect of monitoring tool ensures tha...; Question 739: Which of the following is the BEST key performance indicator...; Question 740: Which of the following will BEST mitigate the risk associate...; Question 741: Which of the following is the greatest risk to reporting?...; Question 742: Which of the following risks is associated with not receivin...; Question 743: Which of the following should be management's PRIMARY consid...

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