Risk Management Lifecycle CGEIT Practice Questions (Page 6)

Questions 26–30

1. 26foundation · easy

   Which of the following is a risk response strategy?

   • AMonitor
   • BAvoid
   • CAnalyze
   • DIdentify
   Reveal Solution Discussion Select an answer first
2. 27foundation · easy

   What is the primary purpose of the risk identification phase?

   • ATo determine the likelihood and impact of risks
   • BTo monitor risks over time
   • CTo identify potential IT-related risks that could affect enterprise objectives
   • DTo develop strategies to address risks
   Reveal Solution Discussion Select an answer first
4. 28foundation · easy

   Which of the following best describes the risk management lifecycle?

   • AA sequential process that ends once risks are identified
   • BA continuous, iterative process of identifying, analyzing, evaluating, responding to, and monitoring risks
   • CA set of isolated activities performed independently by different departments
   • DA one-time assessment performed before a project begins
   Reveal Solution Discussion Select an answer first
5. 29foundation · easy

   What is the main outcome of the risk evaluation phase?

   • AA detailed analysis of risk likelihood and impact
   • BA prioritized list of risks that require attention
   • CA set of implemented risk responses
   • DA list of all potential risks
   Reveal Solution Discussion Select an answer first
6. 30foundation · easy

   What is the main purpose of the risk monitoring and review phase?

   • ATo track the effectiveness of risk responses and identify changes in the risk landscape
   • BTo select risk response strategies
   • CTo implement risk responses
   • DTo identify risks for the first time
   Reveal Solution Discussion Select an answer first