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Q91. You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?
A. Risk utility function
B. Mitigation-ready project management
C. Risk-reward mentality
D. Risk avoidance
Q92. Which of the following areas of IT Governance Framework of CGEIT aims to guarantee that the IT function remains aligned with the organization's strategic objectives?
A. Strategic Alignment
B. Performance management
C. Value Delivery
D. Risk Management
Q93. Lisa is the project manager of the SQL project for her company. She has completed the risk response planning with her project team and is now ready to update the risk register to reflect the risk response. Which of the following statements best describes the level of detail Lisa should include with the risk responses she has created?
A. The level of detail is set by historical information.
B. The level of detail should correspond with the priority ranking.
C. The level of detail is set of project risk governance.
D. The level of detail must define exactly the risk response for each identified risk.
Q94. TOGAF is based on four pillars, called architecture domains. Which of the following architecture domains provides a blueprint for the individual application systems to be deployed, the interactions between the application systems, and their relationships to the core business processes of the organization with the frameworks for services to be exposed as business functions for integration?
A. Business architecture
B. Applications architecture
C. Technical architecture
D. Data architecture
Q95. Holly and Gary are HR Professionals in their organization and they're working to develop the strategic plan for their organization. Holly and Gary are using SWOT analysis to help understand the needs of human, financial, technological, capital, and other aspects of their organization. What is SWOT?
A. SWOT is an analysis to define the strengths, weaknesses, opportunities, and threats an organization may face.
B. SWOT is an analysis to define the schedule, weaknesses, opportunities, and timetable of a project endeavor.
C. SWOT is an analysis to define the strengths, weaknesses, openness, and timeliness of an organization.
D. SWOT is an analysis to define the seriousness, weaknesses, openness, and timetable of organization development.
Q96. What is the major goal of risk management in the decision-making process?
A. To manage the clients
B. To manage the time
C. To manage the resources
D. To manage the uncertainty
Q97. You are the project manager for your organization. You are preparing for the quantitative risk analysis. Mark, a project team member, wants to know why you need to do quantitative risk analysis when you just completed qualitative risk analysis. Which one of the following statements best defines what quantitative risk analysis is?
A. Quantitative risk analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
B. Quantitative risk analysis is the planning and quantification of risk responses based on probability and impact of each risk event.
C. Quantitative risk analysis is the review of the risk events with the high probability and the highest impact on the project objectives.
D. Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives.
Q98. Which of the following quadrant analysis identifies the key issues of working well with other functions, IT value realization over time rather than-just cost, and being business process- focused but solution driven?
A. Low level role (tactical/utility) and business market leader (risk-taker/high growth)
B. High level role (strategic/transformational) and business market leader (risktaker/high growth)
C. High level role (strategic/transformational) and business market followers (riskaverse/mature)
D. Low level role (tactical/utility) and business market followers (risk-averse/mature)
Q99. Mary is the business analyst for your organization. She asks you what the purpose of the assess capability gaps task is. Which of the following is the best response to give Mary?
A. It identifies the causal factors that are contributing to an effect the solution will solve.
B. It identifies new capabilities required by the organization to meet the business need.
C. It describes the ends that the organization wants to improve.
D. It identifies the skill gaps in the existing resources.
Q100. You are the project manager of a newly formed project to create a new manufacturing facility. You are working with a business analyst to identify, document, and prioritize stakeholders' needs for the facility. You'll also need to quantify any subjective terms and needs to define the project scope.
What is this process called?
A. Requirements analysis
B. Project scope statement creation
C. Requirements gathering
D. Stakeholder analysis
Q101. Which of the following strategies includes marketing strategies, new product development strategies, HR strategies and, financial strategies?
A. Operational strategy
B. Corporate strategy
C. Business strategy
D. Functional strategy
Q102. Which of the following types of IT organizational structures states that all IT resources are centralized under a single reporting structure with centralized resource allocation (staffing), and the organizational structure is built around the resource pools?
Q103. Which of the following types of benefits are provided by the new IT-driven initiative for IT investment program? Each correct answer represents a complete solution. Choose all that apply.
A. Cost avoidance benefit
B. Direct benefit
C. Indirect benefit
D. Incremental benefit
Q104. Which of the following is a practice of forecasting possible risks to the organization and taking steps to mitigate their impact on operations?
B. Enterprise risk management
C. Applicant tracking systems
D. HR audit
Q105. Which positive risk response best describes a teaming agreement?