NO.241 You are the project manager of the NHQ project for your company. You are working with your project team to complete a risk audit. A recent issue that your project team responded to, and management approved, was to increase the project schedule because there was risk surrounding the installation time of a new material. Your logic was that with the expanded schedule there would be time to complete the installation without affecting downstream project activities. What type of risk response is being audited in this scenario?

NO.242 From a governance perspective, the PRIMARY goal of an IT risk optimization process should be to ensure:

NO.243 Which positive risk response best describes a teaming agreement?

NO.244 An IT governance committee wants to ensure there is a clear description of the “data owner” in the enterprise data policy. Which of the following would BEST define the owner of data stored in an external cloud?

NO.245 Paul has been asked to complete SWOT analysis for his solution scope. What does
SWOT analysis mean?

NO.246 An enterprise can BEST assess the benefits of a new IT project through its life cycle by:

NO.247 Which of the following levels of Gartner’s cost optimization framework describes the right kind of partnership with IT vendors, which can benefit each party in times of economic upturns?

NO.248 Two large financial institutions with different corporate cultures are engaged in a merger. From a governance perspective, which of the following should be the GREATEST concern?

NO.249 Which of the following would be the MOST effective way to ensure IT capabilities are appropriately aligned with business requirements for specific business processes?

NO.250 Your project team has identified a project risk that must be responded to. The risk has been recorded in the risk register and the project team has been discussing potential risk responses for the risk event. The event is not likely to happen for several months but the probability of the event is high. Which one of the following is a valid response to the identified risk event?

NO.251 What is the major goal of risk management in the decision-making process?

NO.252 You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the project objectives.
Which of the following strategies will you use to tackle the risk?

NO.253 Which of the following is the process of comparing the business processes and performance metrics including cost, cycle time, productivity, or quality?

NO.254 The PRIMARY reason for using quantitative criteria in developing business cases for IT projects is to:

NO.255 In which of the following methods of risk mitigation does the senior management approve the implementation of the controls that are recommended by the risk management team, and that will lower the risk to an acceptable level?

NO.256 Elizabeth is a project manager for her organization and she finds risk management to be very difficult for her to manage. She asks you, a lead project manager, at what stage in the project will risk management become easier. What answer best resolves the difficulty of risk management practices and the effort required?

NO.257 An enterprise learns that a new privacy regulation was recently published to protect customers in the event of a breach involving personally identifiable information (PII). The IT risk management team’s FIRST course of action should be to:

NO.258 An enterprise experiencing issues with data protection and least privilege is implementing enterprise-wide data encryption in response. Which of the following is the BEST approach to ensure all business units work toward remediating these issues?

NO.259 You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?

NO.260 Which of the following processes involves choosing the alternative strategies, executing a contingency or fallback plan, taking corrective action, and modifying the project management plan?

NO.261 Lisa is the project manager of the SQL project for her company. She has completed the risk response planning with her project team and is now ready to update the risk register to reflect the risk response.
Which of the following statements best describes the level of detail Lisa should include with the risk responses she has created?

NO.262 Which of the following types of agreement creates a confidential relationship between the parties to protect any type of confidential and proprietary information or a trade secret?

NO.263 Which of the following individuals provides the funding, and want to see the return on their investment and strategic alignment with their strategic objectives?

NO.264 Which of the following areas concentrates on optimizing expenses, and providing the value of IT?

NO.265 You are the project manager of the NKJ Project for your company. The project’s success or failure will have a significant impact on your organization’s profitability for the coming year. Management has asked you to identify the risk events and communicate the event’s probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?