Which of the following criteria associated with key risk indicators (KRIs) BEST enables effective risk monitoring?

• A.Use of industry risk data sources
• B.Sensitivity to changes in risk levels
• C.Low cost of development and maintenance
• D.Approval by senior management

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Which of the following would be the BEST recommendation if the level of risk in the IT risk profile has decreased and is now below management's risk appetite?

• A.Reduce the risk management budget.
• B.Realign risk appetite to the current risk level.
• C.Optimize the control environment.
• D.Decrease the number of related risk scenarios.

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Wendy is about to perform qualitative risk analysis on the identified risks within her project. Which one of the following will NOT help Wendy to perform this project management activity?

• A.Risk management plan
• B.Project scope statement
• C.Risk register
• D.Stakeholder register
• E.Explanation:
  The stakeholder register is not an input to the qualitative risk analysis process. The four inputs are
  the risk register, risk management plan, project scope statement, and organizational process
  assets.
• F.is incorrect. The risk register can help Wendy to perform qualitative risk analysis.
• G.is incorrect. The project scope statement is needed to help with qualitative risk analysis.

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Which of the following should be the HIGHEST priority when developing a risk response?

• A.The risk response is accounted for in the budget.
• B.The risk response aligns with the organization's risk appetite.
• C.The risk response is based on a cost-benefit analysis.
• D.The risk response addresses the risk with a holistic view.

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An audit reveals that there are changes in the environment that are not reflected in the risk profile. Which of the following is the BEST course of action?

• A.Review the risk identification process.
• B.Update the risk register.
• C.Inform the risk scenario owners.
• D.Create a risk awareness communication plan.

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