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ISO/IEC 27005 Risk Manager 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
Answer :
  • 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
Answer :
  • Log the risk into Risk Register to assess impact.

Explanation :

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.
Answer :
  • The probability and consequences

Explanation :

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).
Answer :
  • During the whole lifetime of a project.

Explanation :

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.
Answer :
  • Criticality and sensitivity

Explanation :

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.
Answer :
  • Change the location of the conference

Explanation :

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.
Answer :
  • Direction setting and performance monitoring
Answer :
  • Analysis of future business objectives
Answer :
  • Business goals and objectives