Which of the following are true for quantitative analysis?
Each correct answer represents a complete solution. Choose three.

• A.Determines risk factors in terms of high/medium/low.
• B.Produces statistically reliable results
• C.Allows discovery of which phenomena are likely to be genuine and which are merely chance occurrences
• D.Allows data to be classified and counted

Comment: *

Name: *

Email: *

Verification: *

What is the process for selecting and implementing measures to impact risk called?

• A.Risk Treatment
• B.Control
• C.Risk Assessment
• D.Risk Management

Comment: *

Name: *

Email: *

Verification: *

Which of the following nodes of the decision tree analysis represents the start point of decision tree?

• A.Decision node
• B.End node
• C.Event node
• D.Root node

Comment: *

Name: *

Email: *

Verification: *

You are the project manager in your enterprise. You have identified occurrence of risk event in your enterprise.
You have pre-planned risk responses. You have monitored the risks that had occurred. What is the immediate step after this monitoring process that has to be followed in response to risk events?

• A.Initiate incident response
• B.Update the risk register
• C.Eliminate the risk completely
• D.Communicate lessons learned from risk events

Comment: *

Name: *

Email: *

Verification: *

Which among the following is the MOST crucial part of risk management process?

• A.Risk communication
• B.Auditing
• C.Risk monitoring
• D.Risk mitigation
• E.Explanation:
  Risk communication is a critical part in the risk management process. People are naturally
  uncomfortable talking about risk and tend to put off admitting that risk is involved and
  communicating about issues; incidents; and; eventually, even crises.
  If risk is to be managed and mitigated, it must first be discussed and effectively communicated
  throughout an enterprise.
• F.is incorrect. Risk mitigation is one of the phases of risk management process for
  effective mitigation of risk it should be first communicated throughout an enterprise.
• G.is incorrect. Auditing is done to test the overall risk management process and the
  planned risk responses. So it is the very last phase after completion of risk management process.

Comment: *

Name: *

Email: *

Verification: *