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Valid CRISC Exam Format | Pass4sure CRISC Exam Prep & Certified in Risk and Information Systems Control Associate Level Exam
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NEW QUESTION 20
Which of the following baselines identifies the specifications required by the resource that meet the approved requirements?

  • A. Product baseline
  • B. Allocated baseline
  • C. Functional baseline
  • D. Developmental baseline

Answer: B

Explanation:
Explanation/Reference:
Explanation:
Allocated baseline identifies the specifications that meet the approved requirements.
Incorrect Answers:
A: Functional baseline identifies the initial specifications before any changes are made.
C: Product baseline identifies the minimal specification required by the resource to meet business outcomes.
D: Developmental baseline identifies the state of the resources as it is developed to meet or exceed expectations and requirements.

 

NEW QUESTION 21
You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your project with your team. How many risk response types are available for a negative risk event in the project?

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: B

Explanation:
Explanation/Reference:
Explanation:
Four risk response options are there to deal with negative risks or threats on the project objectives- avoid, transfer, mitigate, and accept.
Risk avoidance

Risk mitigation

Risk transfer

Risk acceptance

Incorrect Answers:
A, B ,C: These are incorrect choices as only 4 risk response are available to deal with negative risks.

 

NEW QUESTION 22
Which of the following should be done FIRST when information is no longer required to support business objectives?

  • A. Archive the information to a backup database.
  • B. Assess the information against the retention policy.
  • C. Securely and permanently erase the information
  • D. Protect the information according to the classification policy.

Answer: B

 

NEW QUESTION 23
What are the responsibilities of the CRO?
Each correct answer represents a complete solution. Choose three.

  • A. Managing the risk assessment process
  • B. Advising Board of Directors
  • C. Implement corrective actions
  • D. Managing the supporting risk management function

Answer: A,C,D

Explanation:
Section: Volume A
Explanation:
Chief Risk Officer is the executive-level manager in an organization. They provide corporate, guidance, governance, and oversight over the enterprise's risk management activities. The main priority for the CRO is to ensure that the organization is in full compliance with applicable regulations. They may also deal with areas regarding insurance, internal auditing, corporate investigations, fraud, and information security.
CRO's responsibilities include:
* Managing the risk assessment process
* Implementation of corrective actions
* Communicate risk management issues
* Supporting the risk management functions

 

NEW QUESTION 24
Which of the following BEST measures the efficiency of an incident response process?

  • A. Number of incidents escalated to management
  • B. Average time between changes and updating of escalation matrix
  • C. Number of incidents lacking responses
  • D. Average gap between actual and agreed response times

Answer: D

 

NEW QUESTION 25
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