Which of the following would prompt changes in key risk indicator {KRI) thresholds?
Correct Answer: B
Question 147
Where are all risks and risk responses documented as the project progresses?
Correct Answer: D
Section: Volume C Explanation: All risks, their responses, and other characteristics are documented in the risk register. As the project progresses and the conditions of the risk events change, the risk register should be updated to reflect the risk conditions. Incorrect Answers: A: The risk management plan addresses the project management's approach to risk management, risk identification, analysis, response, and control. B: The project management plan is the overarching plan for the project, not the specifics of the risk responses and risk identification. C: The risk response plan only addresses the planned risk responses for the identified risk events in the risk register.
Question 148
What are the three PRIMARY steps to be taken to initialize the project? Each correct answer represents a complete solution. (Choose three.)
Correct Answer: A,B,C
Section: Volume B Explanation: Projects are initiated by sponsors who gather the information required to gain approval for the project to be created. Information often compiled into the terms of a project charter includes the objective of the project, business case and problem statement, stakeholders in the system to be produced, and project manager and sponsor. Following are the steps to initiate the project: * Conduct a feasibility study: Feasibility study starts once initial approval has been given to move forward with a project, and includes an analysis to clearly define the need and to identify alternatives for addressing the need. A feasibility study involves: - Analyzing the benefits and solutions for the identified problem area - Development of a business case that states the strategic benefits of implementing the system either in productivity gains or in future cost avoidance and identifies and quantifies the cost savings of the new system. - Estimation of a payback schedule for the cost incurred in implementing the system or shows the projected return on investment (ROI) * Define requirements: Requirements include: - Business requirements containing descriptions of what a system should do - Functional requirements and use case models describing how users will interact with a system - Technical requirements and design specifications and coding specifications describing how the system will interact, conditions under which the system will operate and the information criteria the system should meet. * Acquire software: Acquiring software involves building new or modifying existing hardware or software after final approval by the stakeholder, which is not a phase in the standard SDLC process. If a decision was reached to acquire rather than develop software, this task should occur after defining requirements. Incorrect Answers: D: Risk management is planned latter in project development process, and not during initialization.
Question 149
A WiFi access points on the enterprise network. Which of the following would be MOST important to include in a report to senior management?
Correct Answer: B
Question 150
Which of the following provides the BEST measurement of an organization's risk management maturity level?
