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Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology.

Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?

A.
Project charter
A.
Project charter
Answers
B.
Risk register
B.
Risk register
Answers
C.
Project scope statement
C.
Project scope statement
Answers
D.
Risk low-level watch list
D.
Risk low-level watch list
Answers
Suggested answer: B

Which of the following is a risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold?

A.
Exploit
A.
Exploit
Answers
B.
Transference
B.
Transference
Answers
C.
Mitigation
C.
Mitigation
Answers
D.
Avoidance
D.
Avoidance
Answers
Suggested answer: C

BS 7799 is an internationally recognized ISM standard that provides high level, conceptual recommendations on enterprise security. BS 7799 is basically divided into three parts. Which of the following statements are true about BS 7799? Each correct answer represents a complete solution. Choose all that apply.

A.
BS 7799 Part 1 was adopted by ISO as ISO/IEC 27001 in November 2005.
A.
BS 7799 Part 1 was adopted by ISO as ISO/IEC 27001 in November 2005.
Answers
B.
BS 7799 Part 2 was adopted by ISO as ISO/IEC 27001 in November 2005.
B.
BS 7799 Part 2 was adopted by ISO as ISO/IEC 27001 in November 2005.
Answers
C.
BS 7799 Part 1 was a standard originally published as BS 7799 by the British Standards Institute (BSI) in 1995.
C.
BS 7799 Part 1 was a standard originally published as BS 7799 by the British Standards Institute (BSI) in 1995.
Answers
D.
BS 7799 Part 3 was published in 2005, covering risk analysis and management.
D.
BS 7799 Part 3 was published in 2005, covering risk analysis and management.
Answers
Suggested answer: B, C, D

Gary is the project manager for his organization. He is working with the project stakeholders on the project requirements and how risks may affect their project.

One of the stakeholders is confused about what constitutes risks in the project. Which of the following is the most accurate definition of a project risk?

A.
It is an uncertain event that can affect the project costs.
A.
It is an uncertain event that can affect the project costs.
Answers
B.
It is an uncertain event or condition within the project execution.
B.
It is an uncertain event or condition within the project execution.
Answers
C.
It is an uncertain event that can affect at least one project objective.
C.
It is an uncertain event that can affect at least one project objective.
Answers
D.
It is an unknown event that can affect the project scope.
D.
It is an unknown event that can affect the project scope.
Answers
Suggested answer: C

You work as a project manager for TechSoft Inc. You are working with the project stakeholders onthe qualitative risk analysis process in your project.

You have used all the tools to the qualitative risk analysis process in your project. Which of the following techniques is NOT used as a tool in qualitative risk analysis process?

A.
Risk Reassessment
A.
Risk Reassessment
Answers
B.
Risk Categorization
B.
Risk Categorization
Answers
C.
Risk Urgency Assessment
C.
Risk Urgency Assessment
Answers
D.
Risk Data Quality Assessment
D.
Risk Data Quality Assessment
Answers
Suggested answer: A

You are the project manager for your organization. You have determined that an activity is too dangerous to complete internally so you hire licensed contractor to complete the work. The contractor, however, may not complete the assigned work on time which could cause delays in subsequent work beginning. This is an example of what type of risk event?

A.
Secondary risk
A.
Secondary risk
Answers
B.
Transference
B.
Transference
Answers
C.
Internal
C.
Internal
Answers
D.
Pure risk
D.
Pure risk
Answers
Suggested answer: A

Tracy is the project manager of the NLT Project for her company. The NLT Project is scheduled to last 14 months and has a budget at completion of $4,555,000.

Tracy's organization will receive a bonus of $80,000 per day that the project is completed early up to $800,000. Tracy realizes that there are several opportunities within the project to save on time by crashing the project work. Crashing the project is what type of risk response?

A.
Mitigation
A.
Mitigation
Answers
B.
Exploit
B.
Exploit
Answers
C.
Enhance
C.
Enhance
Answers
D.
Transference
D.
Transference
Answers
Suggested answer: C

Diana is the project manager of the QPS project for her company. In this project Diana and the project team have identified a pure risk. Diana and the project team decided, along with the key stakeholders, to remove the pure risk from the project by changing the project plan altogether. What is a pure risk?

A.
It is a risk event that only has a negative side, such as loss of life or limb.
A.
It is a risk event that only has a negative side, such as loss of life or limb.
Answers
B.
It is a risk event that cannot be avoided because of the order of the work.
B.
It is a risk event that cannot be avoided because of the order of the work.
Answers
C.
It is a risk event that is created by a risk response.
C.
It is a risk event that is created by a risk response.
Answers
D.
It is a risk event that is generated due to errors or omission in the project work.
D.
It is a risk event that is generated due to errors or omission in the project work.
Answers
Suggested answer: A

You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk analysis process for your project. You can use three available tools and techniques to complete this process. Which one of the following is NOT a tool or technique that is appropriate for the quantitative risk analysis process?

A.
Quantitative risk analysis and modeling techniques
A.
Quantitative risk analysis and modeling techniques
Answers
B.
Data gathering and representation techniques
B.
Data gathering and representation techniques
Answers
C.
Expert judgment
C.
Expert judgment
Answers
D.
Organizational process assets
D.
Organizational process assets
Answers
Suggested answer: D

You work as a project manager for TechSoft Inc. You, the project team, and the key project stakeholders have completed a round of quantitative risk analysis.

You now need to update the risk register with your findings so that you can communicate the risk results to the project stakeholders - including management. You will need to update all of the following information except for which one?

A.
Probability of achieving cost and time objectives
A.
Probability of achieving cost and time objectives
Answers
B.
Risk distributions within the project schedule
B.
Risk distributions within the project schedule
Answers
C.
Probabilistic analysis of the project
C.
Probabilistic analysis of the project
Answers
D.
Trends in quantitative risk analysis
D.
Trends in quantitative risk analysis
Answers
Suggested answer: B
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