Practice Quiz

Business Continuity Professional Exam Prep - Question List

Select how would you like to study

Study Mode Free Daily Question Test Mode
6. Which of the following can you use a Monte Carlo simulation to model? Select all that apply:
  1. Project cost
  2. Probability of failure
  3. Quality of inputs
  4. Stock market returns
  5. Leadership
See answer
7. A team member identifies a risk which is not listed in risk register. If the risk materializes, then the project will be delayed by 6 months. What should the PMO do in this situation?
  1. Immediately inform customer
  2. Find out how the team member identified the risk, as all of them were identified during project planning
  3. Prepare a risk mitigation plan
  4. Analyze the risk
  5. File a change control request
See answer
8. True or false: Insurance is a way of transferring risk.
  1. True
  2. False
See answer
9.

What are the four options for dealing with a risk?

  1. Accept, mitigate, transfer and avoid
  2. Accept, insure, transfer and avoid
  3. Accept, mitigate, reduce and avoid
  4. Situation, task, action, result
  5. It's a trick question -- there are only three and they are transfer, mitigate and avoid
See answer
10. Boris has identified a key risk in a new project he is leading. What are the acceptable ways to deal with this risk?
  1. Analyze the risk then do nothing.
  2. Invest resources to monitor the specific risk.
  3. Pay another contractor to execute a piece of the project that seems risky with a penalty if they fail.
  4. Pay an insurer to compensate the company with a cash payment if the risk does not work out.
  5. Ignore the risk
See answer

Select how would you like to study

Study Mode Free Daily Question Test Mode