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NEW QUESTION 45
Henry is the project manager of the QBG Project for his company. This project has a budget of $4,576,900 and is expected to last 18 months to complete. The CIO, a stakeholder in the project, has introduced a scope change request for additional deliverables as part of the project work. What component of the change control system would review the proposed changes' impact on the features and functions of the project's product?

A. Cost change control systemB. Integrated change controlC. Explanation:
The configuration management system ensures that proposed changes to the project's scope are reviewed and evaluated for their affect on the project's product. Configure management process is important in achieving business objectives. Ensuring the integrity of hardware and software configurations requires the establishment and maintenance of an accurate and complete configuration repository. This process includes collecting initial configuration information, establishing baselines, verifying and auditing configuration information, and updating the configuration repository as needed. Effective configuration management facilitates greater system availability minimizes production issues and resolves issues more quickly.D. Configuration management systemE. Scope change control system

Answer: D

Explanation:
is incorrect. The scope change control system focuses on reviewing the actual changes to the project scope. When a change to the project's scope is proposed, the configuration management system is also invoked. Answer:A is incorrect. The cost change control system is responsible for reviewing and controlling changes to the project costs. Answer:D is incorrect. Integrated change control examines the affect of a proposed change on the project as a whole.

 

NEW QUESTION 46
You are the project manager for your company and a new change request has been approved for your project. This change request, however, has introduced several new risks to the project. You have communicated these risk events and the project stakeholders understand the possible effects these risks could have on your project. You elect to create a mitigation response for the identified risk events. Where will you record the mitigation response?

A. Risk registerB. Risk logC. Project management planD. Risk management plan

Answer: A

Explanation:
Explanation/Reference:
Explanation:
The Identified risks and potential responses are documented in the risk register. A risk register is an inventory of risks and exposure associated with those risks. Risks are commonly found in project management practices, and provide information to identify, analyze, and manage risks. Typically a risk register contains:
A description of the risk

The impact should this event actually occur

The probability of its occurrence

Risk Score (the multiplication of Probability and Impact)

A summary of the planned response should the event occur

A summary of the mitigation (the actions taken in advance to reduce the probability and/or impact of the

event)
Ranking of risks by Risk Score so as to highlight the highest priority risks to all involved.

Incorrect Answers:
B: This is not a valid choice for this question
C: The project management plan is the parent of the risk management plan, but the best choice is the risk register.
D: The risk management plan is an input to the risk response planning, but it is not the best choice for this question

 

NEW QUESTION 47
The annualized loss expectancy (ALE) method of risk analysis:

A. uses qualitative risk rankings such as low, medium, and highB. can be used to determine the indirect business impactC. can be used in a cost-benefit analysisD. helps in calculating the expected cost of controls

Answer: C

Explanation:
Section: Volume D
Explanation/Reference:

 

NEW QUESTION 48
An application runs a scheduled job that compiles financial data from multiple business systems and updates the financial reporting system. If this job runs too long, it can delay financial reporting. Which of the following is the risk practitioner's BEST recommendation?

A. Consider providing additional system resources to this job.B. Ensure the business is aware of the risk.C. Implement database activity and capacity monitoring.D. Ensure the enterprise has a process to detect such situations.

Answer: D

 

NEW QUESTION 49
If one says that the particular control or monitoring tool is sustainable, then it refers to what ability?

A. The ability to adapt as new elements are added to the environmentB. The ability to be applied in same manner throughout the organizationC. The ability to protect itself from exploitation or attackD. The ability to ensure the control remains in place when it fails

Answer: A

Explanation:
Explanation/Reference:
Explanation:
Sustainability of the controls or monitoring tools refers to its ability to function as expected over time or when changes are made to the environment.
Incorrect Answers:
B: Sustainability ensures that controls changes with the conditions, so as not to fail in any circumstances.
Hence this in not a valid answer.
C: This is not a valid answer.
D: This is not a valid definition for defining sustainability of a tool.

 

NEW QUESTION 50
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