ISO/IEC 27005 Risk Manager (PECB) Quiz Questions and Answers
Answer :
As many stakeholders as practical.
Explanation :
You, as a project manager, need to collect as much input and feedback is time and resources for Risk Management allows. Each stakeholder may have a unique point of view on the challenges and project risks. By including all possible stakeholders you identi
Hire a technical support team to quickly fix the equipment if needed.
Explanation :
Answers A and B are good solutions. Buying insurance will help to avoid budget overrun. Finding a good expert will help reduce the probability of breakdown. However, we have tasks on a critical path. It means they tolerate little risks to the Project Sche
Without proper analysis you can’t state that a risk has an impact on the project. Likewise, you should not assume that a risk has no impact at all. Therefore, always log all possible risks first. Decide later.
Legal and regulatory requirements should be treated as any other risk to the organization, calculated as the probability of enforcement and the magnitude of possible sanctions (impact or consequences).
New risks appear all the time. Moreover, known risks change their Impact and Probability with changes on a project. Therefore, you must be on a lookout for the risks all the time.
The extent to which an asset is critical to business operations or can damage the organization if disclosed is the primary consideration for the level of protection required.
Risk Response Plans should be adequate, timely, and deal with risk proactively. All other options are passive and begin mitigating a threat only when it happens.
