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NEW QUESTION 31
What can be determined from the risk scenario chart?
Answer: C
Explanation:
Section: Volume D
NEW QUESTION 32
You are the risk professional in Bluewell Inc. A risk is identified and enterprise wants to quickly implement control by applying technical solution that deviates from the company's policies. What you should do?
Answer: B
Explanation:
Section: Volume B
Explanation:
If it is necessary to quickly implement control by applying technical solution that deviates from the company's policies, then risk assessment should be conducted to clarify the risk. It is up to the management to accept the risk or to mitigate it.
Incorrect Answers:
A: As in this case it is important to mitigate the risk, hence risk professional should once recommend a risk assessment. Though the decision for the conduction of risk assessment in case of violation of company's policy, is taken by management.
B: The recommendation to revise the current policy should not be triggered by a single request.
D: Risk professional can only recommend the risk assessment if the company's policies is violating, but it can only be conducted when the management allows.
NEW QUESTION 33
You are the risk official at Bluewell Inc. There are some risks that are posing threat on your enterprise. You are measuring exposure of those risk factors, which has the highest potential, by examining the extent to which the uncertainty of each element affects the object under consideration when all other uncertain elements are held at their baseline values. Which type of analysis you are performing?
Sensitivity analysis is the quantitative risk analysis technique that: Assist in determination of risk factors that have the most potential impact Examines the extent to which the uncertainty of each element affects the object under consideration when all other uncertain elements are held at their baseline valuesC. Sensitivity analysisD. Cause-and-effect analysisE. Scenario analysis
Answer: C
Explanation:
is incorrect. Fault tree analysis provides a systematic description of the combination of possible undesirable occurrences in a system. It does not measure the extent of uncertainty. Answer:C is incorrect. Cause-and-effect analysis involves the use of predictive or diagnostic analytical tool for exploring the root causes or factors that contribute to positive or negative effects or outcomes, and not the extent of uncertainty. Answer:D is incorrect. Scenario analysis provides ability to see a range of values across several scenarios to identify risk in specific situation. It provides ability to identify those inputs which will provide the greatest level of uncertainty. But it plays no role in determining the extent of uncertainty.
NEW QUESTION 34
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