Following a significant change to a business process, a risk practitioner believes the associated risk has been reduced. The risk practitioner should advise the risk owner to FIRST

• A.update the risk register
• B.review the key risk indicators.
• C.conduct a risk analysis.
• D.reallocate risk response resources.

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An effective control environment is BEST indicated by controls that:

• A.minimize senior management's risk tolerance
• B.manage risk within the organization's risk appetite
• C.are cost-effective to implement
• D.reduce the thresholds of key risk indicators (KRIs)

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Which of the following methods is an example of risk mitigation?

• A.Taking out insurance coverage for IT-related incidents
• B.Enforcing change and configuration management processes
• C.Not providing capability for employees to work remotely
• D.Outsourcing the IT activities and infrastructure

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Risks with low ratings of probability and impact are included for future monitoring in which of the following?

• A.Risk alarm
• B.Observation list
• C.Watch-list
• D.Risk register

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You work as the project manager for Bluewell Inc. There has been a delay in your project work that is adversely affecting the project schedule. You decide, with your stakeholders' approval, to fast track the project work to get the project done faster. When you fast track the project, what is likely to increase?

• A.Human resource needs
• B.Quality control concerns
• C.Costs
• D.Risks
• E.Explanation:
  Fast tracking allows entire phases of the project to overlap and generally increases risks within the
  project.
  Fast tracking is a technique for compressing project schedule. In fast tracking, phases are
  overlapped that would normally be done in sequence. It is shortening the project schedule without
  reducing the project scope.
• F.is incorrect. Quality control concerns usually are not affected by fast tracking decisions.
• G.is incorrect. Costs do not generally increase based on fast tracking decisions.

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