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(ISC)2

CGRC · Question #203

Fred is the project manager of the PKL project. He is working with his project team to complete the quantitative risk analysis process as a part of risk management planning. Fred understands that…

The correct answer is D. Quantitative risk analysis process will be completed again after the risk response planning and as. This question asks about the appropriate times to repeat the quantitative risk analysis process within a project lifecycle.

Security and Privacy Governance, Risk Management, and Compliance Program

Question

Fred is the project manager of the PKL project. He is working with his project team to complete the quantitative risk analysis process as a part of risk management planning. Fred understands that once the quantitative risk analysis process is complete, the process will need to be completed again in at least two other times in the project. When will the quantitative risk analysis process need to be repeated? Response:

Options

  • AQuantitative risk analysis process will be completed again after the plan risk response planning
  • BQuantitative risk analysis process will be completed again after the cost management planning and
  • CQuantitative risk analysis process will be completed again after new risks are identified and as part
  • DQuantitative risk analysis process will be completed again after the risk response planning and as

How the community answered

(38 responses)
  • A
    13% (5)
  • B
    3% (1)
  • C
    5% (2)
  • D
    79% (30)

Why each option

This question asks about the appropriate times to repeat the quantitative risk analysis process within a project lifecycle.

AQuantitative risk analysis process will be completed again after the plan risk response planning

While repetition after risk response planning is correct, this option is less comprehensive than option D as it omits the crucial ongoing monitoring aspect.

BQuantitative risk analysis process will be completed again after the cost management planning and

Cost management planning is a distinct project management process and does not directly trigger the repetition of quantitative risk analysis.

CQuantitative risk analysis process will be completed again after new risks are identified and as part

Repeating after new risks are identified is correct, but this option omits the repetition after risk response planning, making it less complete than option D.

DQuantitative risk analysis process will be completed again after the risk response planning and asCorrect

Quantitative risk analysis should be repeated after risk response planning to re-evaluate the risk posture with the implemented responses and assess their effectiveness. It also needs to be repeated as part of ongoing project monitoring and control, particularly when new risks are identified or existing risks change significantly, to maintain an accurate risk profile.

Concept tested: Project risk management lifecycle

Topics

#Quantitative Risk Analysis#Risk Management Process#Project Risk Management#Risk Monitoring and Control

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