Risk Management Professional Pearson Ucertify Course Access Code Card 1st Edition Carl Pritchard - Solutions

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Have your C-suite executives and board members received adequate enterprise cyber risk management (ECRM) training and education? If so, do they value the training received?
What is your C-suite’s and board members’ understanding of their duty of care concerning managing cyber risk?
Have your C-suite executives and board members discussed their fiduciary responsibility for managing cyber risk?
What sources are your C-suite and board using to keep abreast of relevant legal cases involving cyber risk management and cybersecurity?
Does your current board skills matrix include relevant attributes for cybersecurity expertise?
Given your organization’s current industry, “crown jewels,” attack surface, and ECRM strategy, would your investors conclude that you have the correct cybersecurity expertise on your management team and board?
What is the level of cybersecurity expertise of your management team and on your board today? Does everyone on the board understand enterprise cyber risk management (ECRM) issues? Are you comfortable today disclosing your board’s cybersecurity expertise to investors?
Would your organization’s current risk assessment/management work products meet national or international standards promulgated by NIST or ISO?
Is your enterprise cyber risk management (ECRM) strategy formalized and documented? Are you comfortable disclosing your ECRM strategy to investors?
Are you prepared to provide regular updates regarding the previously reported incidents when and for so long as there are material changes, additions, or updates during a given reporting period?
Do your cyber incident response and reporting practices today capture and document all incidents so that you file timely Form 8-K amendments about incidents if key information was unavailable at the time of the initial required filing?
Do you include “materiality assessments” in your incident response, and are you prepared to identify“material cybersecurity incidents” according to the SEC’s definitions?
Does your organization regularly and consistently conduct tabletop exercises to test your incident response program?
What is the current state of your cyber incident response and reporting practices today? Do you have reasonable and appropriate policies, procedures, and forms to ensure documentation and follow-up?
Do you have appropriate enterprise risk management and cybersecurity expertise on your management team and board?
What are your current risk and opportunity management policies, procedures, and practices? At first blush, how do they stand up to the SEC disclosure and other emerging requirements?
What is your risk appetite for managing these requirements?
What is your ability today to meet these SEC cybersecurity disclosure requirements?
What clarifications need to be made regarding the role of management vis-à-vis the board’s role regarding these potential changes?
What standing board or ad hoc committee will oversee the work of this executive team? Or will it be the whole board?
What team of executives should be assembled to examine these SEC and other regulatory requirements, monitor the changing regulations, and report to the board?
Where would your company be positioned on Forbes’ America’s Most Cybersecure Companies list?
Would your organization benefit from a session reviewing these and related ECRM programs and cybersecurity strategy opportunities with competent outside counsel and cyber risk and opportunity management experts?
Do you have the internal resources with the appropriate skills, knowledge, and experience to undertake this work?
What will your board’s role be in advancing the discussion of the three (3) opportunities you identified?
What will your executive team’s role be in advancing the discussion of the three (3) opportunities you identified?
Which of the following topics represent your organization’s three (3) most significant opportunities to view your ECRM Program and Cybersecurity Strategy in a value-creating, business-enabling, and growth-driven light?a. Increasing customer trust and brand loyaltyb. Improving social
What is the nature of your ECRM and cybersecurity discussion today along a continuum ranging from cost-centered and “managing the downside” to profit-oriented and “managing the upside”?
One of your team members, Jacques, is known for pulling off miracles. One of Jacques’ team members said, “He could juggle chainsaws and come out without a scratch.” Right now, you could really use a miracle. One of the risks you didn’t identify was that the customer would be bought out in a
Your project is progressing nicely, and the risks you have realized to date seem completely manageable. Although you still have your work cut out for you as a project manager, you’re pleased that very few of the risks you’ve identified are coming to pass. The project time remaining is now
Which of the following two statements are true?1. In a time-and-materials contract, the seller minimizes cost risk, because all allowable costs will be covered.2. In a cost-plus or cost-reimbursement contract, the seller minimizes cost risk, because all allowable costs will be covered.3. In a
Your organization has some of the best negotiators in the world. They convinced your customer to accept a cost-plus-percentage-of-cost contract, with a 5% percentage. Your original target cost was $10,000,000. Things have not gone well. Your allowable costs on the project have escalated to
Your company sells goods across the United States. Because of your contract with the shipper, you keep close watch over the cost of tolls on the major highways. You are the buyer in a contract relationship with the shipper, and you want to reduce your risk as much as possible. The shipper is
Which of the following best describes secondary and residual risks?1. Residual risks are risks generated by the risk responses and might be more prevalent toward the end of a project. Secondary risks are risks that a project or organization assumes even after the risk resolution strategies have
You are conducting a late-project retrospective to determine which of your risk strategies worked well and which did not. One of your risk strategies at mid-project was to bring in an outside consultant to deal with your team’s shortage of expertise in dealing with the Food and Drug
You identify a risk that Janelle may be the only operator who knows how to work a particular piece of equipment, and if she’s injured, all work on that equipment may be delayed. In a conference room presentation, you share that risk and notice that three of the other people in the room become
You are evaluating the risk–reward of your project. The current project assessments by your business analyst show that the project will generate a return on investment (ROI) of 17 percent.Coincidentally, that’s also the lowest acceptable ROI for clearance to proceed. If the project goes well,
Which of the following statements are true? (Choose two)1. Individual project risk events are isolated to the work package driving them.2. Overall project risk might be increased or decreased by individual project risk events.3. The best tool for evaluating overall project risk is Monte Carlo
Your organization has suffered issue after issue as risks are realized. The old axiom that “when it rains, it pours,” is not lost on anyone who works there. Despite all the threats that have been realized, each time your organization bounces back. It comes back just as strong, just as
You work building solar farms. One of the big risks is heliostat fires. The fires are caused by the sun-directing mirrors on the farm. The probability of a single heliostat fire has been classified as“high,” and the costs are in the millions of dollars. Your company pays hundreds of thousands
You are tasked with providing 10,000 helium-filled balloons to release on New Year’s Eve at 11:59:59 p.m. The customer wants them to rain down on revelers at their annual “Ring in the New” party. Your team members keep trying to ensure they have precisely 10,000 balloons, but some pop. Others
Your risk data are largely archived in the risk register, and at the end of the project, it will be sent to the risk repository. Much of the data for your current project is coming from Ffodam, Inc., a project partner that you’ve just learned is under federal investigation for falsifying reports
Your strategy to minimize the risk event The Customer may change their minds on the requirements, forcing rework is working brilliantly. It is to actively accept the risk and have the client consistently sign change documentation. If the customer fails to sign, which of the following would be a
The client is very upset that the software you are installing seems to be interacting poorly with other related software systems. The system shuts down for about five seconds and then restores itself, but you see a risk that the five-second gap may become worse. Customers never see the software in
Which two of the following statements are true?1. Residual risks are those risk events generated by response strategies.2. Secondary risks are those risk events generated by response strategies.3. Some residual risks are created when risk events are passively accepted.4. Risks in an Agile project
You are working in an Agile environment and have a great relationship with your customer.Together you have been able to manage almost any threats that have come your way. A series of new risk threat events have been identified, and you and your team have suggested a new set of resolution strategies
A series of cascading risks has struck your project and your organization. Staff has quit.Buildings have burned. Financial losses have been staggering, and you’ve been asked to make sure that the entire enterprise doesn’t fail. With everything going wrong at the same time, and the potential for
You establish a contingent response in case it snows by identifying 10 plowing companies to clear the path for your team to get to work. You have no contracts, but you know they’ll come if the money is right. You also realize that they might not be available. If it snows, and if the snowplows
Your project will incorporate quite a few risks that will be passively accepted. To effectively deal with these risks, you will do what?1. Develop approaches that involve minimizing the probability and/or impact.2. Establish a management reserve account to handle challenges within the project as
Your strategy to minimize the risk event The Customer might change their minds on the requirements, forcing rework is working brilliantly, and you believe you have a new protocol to manage this into the future. So far, the customer has not made a single change, and there don’t appear to be any
A meteor struck the building and is seriously slowing your ability to build a new server farm.The costs associated with the repairs and rework are significant. Those funds will come from where?1. The project budget 2. Management reserve 3. Contingency reserve 4. Pad in the project budget 5. Finance
Which of the following two statements are true?1. Projects may exceed organizational tolerances, but only in specific situations.2. In a passive acceptance strategy, contingent responses will not be developed.3. Risk resolution strategies that involve work become activities, work packages, and/or
You have identified a brilliant set of threat strategies to resolve the risks that you and the team have identified. Responsibility for addressing these strategies will be in whose hands?1. The task or user story owner 2. The risk owner 3. The project manager 4. The customer 5. The product owner or
You had no idea that your office complex was built on an old mine, and never conceived that the entire building could slowly sink into an abyss. Nonetheless, the building has shifted, and the west wing is uninhabitable. Your wing is likely next because the building is tipping that way.Your best
There’s a chance that your project could lead to new work, but you and your team are not counting on it. In fact, you have sufficient work that additional contracts would be nice, but aren’t needed. If they happen, great. If not, it’s not a big deal. Your likely strategy for this opportunity
We will finish this project, no matter what! Your management has handed down the dictate that the project must ultimately be completed. You also know that there are some risks that may exceed organizational and project tolerances. Because the project must proceed, and the risks would drive the
Which of the following two statements are true?1. An or-gate fault tree requires that all criteria be met for a risk to be realized.2. In a SWOT analysis, strengths and weaknesses are external to the project.3. Threats and opportunities are both risks.4. Decision trees highlight two outcomes per
You are integrating six systems on two platforms with teams across the globe speaking seven languages. This type of scenario highlights what aspect of risk management?1. Risk complexity 2. Risk interconnectedness 3. Risk-reward 4. Weaknesses and threats 5. Probability and impact
You have identified a risk that the first floor of your riverside complex could flood in a major storm, causing extensive damage. For that to happen, the river would have to crest above nine feet, the floodwalls surrounding the complex would have to fail, and the emergency pumps would have to lose
You have identified a risk that the first floor of your riverside complex could flood in a major storm, causing extensive damage. For that to happen, the river would have to crest above nine feet, the floodwalls surrounding the complex would have to fail, and the emergency pumps would have to lose
There is a chance that your project may drive the customer to move you into the “preferred vendor” category, which would mean almost double the business. Although you don’t currently have the capacity to handle that much work, you are confident that you can find the staff to make it work.
You have just replaced three of your most skilled workers on the project with three total newcomers who have never worked with the technology before. In examining the probability distribution function and its overall “look,” what would you expect to have changed?1. Nothing.2. The apparent curve
In the illustrated decision tree, what’s the expected monetary value of our choosing Airline P?1. $400 2. $800 3. $1200 4. $1400 5. Can’t be determined without more information Airline C = $600 Ticket Decision Airline P = $400 Ticket Event On Time 90% Late 10% ($1000) On Time 60% Event Late 40%
Which two of the following statements are true?1. A near-critical path is any path that is less than critical.2. A subcritical path is any path that is less than critical.3. A near-critical path is the path closest to being critical without being critical.4. A subcritical path is any path close to
You are applying expected monetary value for some of your more significant risk events. One of the risks you have identified is that you may encounter a power outage of more than 24 hours, incurring costs of $500 for food replacement and alternative heat. The odds of such an outage are about 5% at
You are reporting to management on the following figure. What can you tell them?1. If you are given until March 27, there’s a 90% probability the project will be completed on that day.2. If you are given until March 27, there’s a 90% probability the project will be completed by that day.3. If
Your Agile meetings have been going well, and at the end of the project sprints you have been capturing the completion of user stories and have been reflecting on the completion of those user stories in contrast to the planned levels of accomplishment. Management wants to be able to see the risk
You are on a predictive project where management wants to know if there are moments when the project runs the risk of running overbudget. They stress that they want to see specific hard data metrics that illustrate the degree of the risk based on performance to date. You should recommend which
Your stakeholders want to be involved in the risk process, particularly the ordering of risk priorities. You want to inform them of their role. What is that role?1. Stakeholders review the priorities after the team has established them.2. Stakeholders participate in determining the risk ranking.3.
Your team has finally achieved consensus on the risk ranking. What does that mean?1. The team unanimously agrees the rank order of risks is perfect.2. The team may be split on the rank order of risks, but part of the group prevailed.3. The rank order of risks is complete, and the team will accept
Which of the following statements are true? (Choose two)1. A project team can use the fist-to-five technique to establish risk priority.2. A project team can use a PxI matrix to generate a rank order of risks.3. The risk register defines terms like high probability and low impact.4. Roman voting
She has two activities that are three days behind schedule, but still have a month before they’re actually due. What action should she take?1. Notify the project manager and risk manager immediately, because this could shut down the project.2. Work diligently to recover the lost time, knowing
Delays on critical path activities are unacceptable and are outside organizational tolerance.
Laura was reviewing the risk management plan for the project and found a reference to schedule tolerances.
In your PxI matrix, you have plotted 34 risks. Some, particularly the low-lows, will never see the light of day. You know that the 12 high-highs are crucial and will be scrutinized by management.If you are able to manage the 12 high-highs well, which risks will you address next?1. The high-medium
Your risk breakdown structure is now accompanied by a series of questions. The questions are associated with each “branch” of the structure, trying to define the relative levels of risk associated with the particular source in question. One of the questions is, Have you asked localgovernment
You realize that only a small component of your project budget can be used specifically to address risk strategies. You want to address the risks that are the most pressing but your organization insists that you address the risks that are the least visible. As a result, you decide to accommodate
Where are risk registers archived?1. In the project management plan 2. In the risk management plan 3. In an organizational repository with broad stakeholder access 4. In an organizational repository with limited stakeholder access 5. In an organizational repository with access only by the project
Which of the following statements is true? (Select two)1. Proximity refers to physical nearness.2. Propinquity and proximity both refer to physical nearness.3. Connectivity refers to technological integration.4. Urgency addresses the question of how soon a risk might be realized or the last point
You have identified Bruce as the risk owner for the risk event Einstein may leave theorganization, leaving the project without a subject matter expert. Which of the following best describes Bruce’s job?1. He’s responsible if Einstein leaves.2. He’s responsible for watching for any signs that
Any work stoppage is beyond the organization’s tolerance. As you look across the risk register,you can expect to learn (or be reminded) that the risk has which attributes?1. High probability, Low proximity 2. Low probability, High proximity 3. Low probability, Low proximity 4. High probability,
The summer has been unseasonably hot and dry in southern California. The project is being conducted in Central Ohio. Wildfires in California are a perennial threat. Your project facility is a 150-year-old wood structure on the edge of a massive stand of old growth forest near Wapakoneta, Ohio. One
Any work stoppage is beyond the organization’s tolerance. As you look across the risk register,you can expect to learn (or be reminded) that the risk has which attributes?1. High probability, Low proximity 2. Low probability, High proximity 3. Low probability, Low proximity 4. High probability,
The summer has been unseasonably hot and dry, and the project is being conducted in southern California. Wildfires are a perennial threat. Your project facility is a 150-year-old wood structure on the edge of a massive stand of old growth forest. One of the identified risk events isIf there is a
Your organization doesn’t have a long history with risk management. As such, you are a pioneer in building one of the enterprise’s first risk registers. Management asks why you’re bothering with all that administrative paperwork. What should you tell them?1. It protects the project team in
Which of the following statements is true?1. Automatic crossing gates at railroad tracks are physical triggers.2. Flashing dashboard lights are physical triggers.3. A beeping smoke detector is a visible trigger.4. The odor added to natural gas is a visible trigger.5. Visible and physical triggers
Your significant other has told you that, without exception, you need to be home for dinner at least three nights a week. Your job often takes you on the road. You have come to the realization that you have a two-week travel experience coming up next month. Which of the following is about to
The project budget is €4,000,000, but management has acknowledged they won’t shut you down until the projected costs on the project exceed €4,400,000. The accounting department has said they’ll let you know when the projections hit €3,500,000. Which of the following is the tolerance?1.
You are leading a team of eight consultants on a project for the National Security Agency (NSA),a highly secretive government agency in the United States. In the course of this work, you and your team are required to maintain a Top Secret clearance. One of your best team members has a rather
When reviewing the terms and conditions of the contract, you realize that one of the conditions is that all 10 of the personnel on the project have a government clearance for Top Secret information, with a full polygraph. Only a handful of your staffers have gone through the clearance process. Only
You have a project with an $8,000,000 CDN budget. Management has told you that the project will be sent for review for termination if, at any time, the budget projections exceed $8,300,000 CDN. Management wants to be notified if the budget projections, not considering contingency, exceed $7,900,000
Which of the following statements is true?1. All risks are driven by assumptions of one type or another.2. Tolerances often determine constraints.3. Constraints often determine tolerances.4. Assumptions determine constraints.5. Assumptions determine tolerances.
Which team members need to share their assumptions about the project?1. Internal team members 2. External team members 3. All team members and stakeholders 4. Critical stakeholders 5. Vendors
You have been assigned to shut down the last major mainframe system still operating on what many consider “antique” software. It’s been running fine for decades. Still, the organization wants to integrate more of the information from that system into its more modern systems. It works fine
You are a subcontractor with a team of 20 painters on a building renovation project in downtown Portland, Maine. During the project, a ship from Bath Iron Works on a test run goes rogue and plows into Portland Harbor, destroying dozens of pleasure craft and demolishing an entire wing of the
The customer, Jean, has expressed a near-phobic reaction to the possibility that wildlife may infest the supplies that are being left in the outdoors. Jean knows that all the supplies are wrapped in heavy-duty plastic and sprayed with animal repellents. In all your years managing similar projects,
You and your team just spent hours building a long list of risks. During the course of the discussion, one of your team members points out, “90 percent of these risks could be mitigated if we just had a customer representative at our disposal.” What should you do with this shard of insight?1.
You announce to your team that they are going to identify risks for the project. What is their objective?1. Identify as many risks as practical.2. Identify all the risks.3. Identify the major risks.4. Identify the risks that will actually impact the project.5. Identify risks specific to this
Which of the following statements about checklist analysis are true? (Pick two)1. Checklists cover the full spectrum of risks for projects across an organization.2. Checklists reflect history.3. Checklists are generated for each project individually, because each project is unique.4. The checklists
Your boss has asked you to get to the “heart” of your project risks. She believes there are a handful of key risk sources that require her focus and yours. She doesn’t just want a laundry list of causes. She wants the root causes. What’s the best tool to achieve her goal with your team?1.

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Risk Management Professional Pearson Ucertify Course Access Code Card 1st Edition Carl Pritchard - Solutions

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