IAS1 LAP 8

What is the primary goal of risk management in a computer system and organization?

• To eliminate all risks

• To identify and mitigate risks

• To avoid the use of risky technologies

• To increase the overall risk level

Which of the following is NOT a step in the risk management process?

• Risk Identification

• Risk Elimination

• Risk Analysis

• Risk Monitoring

Why is it important to identify risks early in a project?

• To increase the budget

• To avoid scheduling conflicts

• To implement effective risk responses

• To eliminate the need for risk management

What does SWOT analysis stand for?

• Strengths, Weaknesses, Opportunities, Threats

• Strategies, Weaknesses, Outcomes, Tactics

• Systems, Workflows, Objectives, Targets

• Strengths, Weaknesses, Options, Threats

Which of the following is considered a qualitative risk analysis technique?

• Probability distribution

• Sensitivity analysis

• SWOT analysis

• Decision tree analysis

What is the purpose of a risk response plan?

• To ignore risks

• To increase the impact of risks

• To decrease the impact of threats

• To create more uncertainties

Which risk response strategy involves transferring the risk to a third party?

• Mitigate

• Avoid

• Transfer

• Accept

What is the first step in the risk management process?

• Risk Monitoring

• Risk Identification

• Risk Mitigation

• Risk Response Planning

What is the term for an event that can have a positive or negative impact on a project?

• Threat

• Risk

• Opportunity

• Hazard

Which of the following is NOT included in a Risk Management Plan?

• Schedule Risk

• Cost Risk

• Quality Risk

• Marketing Strategy