ExamTopics Logo
Mail Us[email protected]
Menu
Isaca Discussions
exam questions

Exam CRISC All Questions

View all questions & answers for the CRISC exam
Go to Exam

Exam CRISC topic 1 question 304 discussion

Actual exam question from Isaca's CRISC
Question #: 304
Topic #: 1
[All CRISC Questions]

You are the project manager of GRT project. You discovered that by bringing on more qualified resources or by providing even better quality than originally planned, could result in reducing the amount of time required to complete the project. If your organization seizes this opportunity, it would be an example of what risk response?

  • A. Enhance
  • B. Exploit
  • C. Accept
  • D. Share
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️
Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities for positive impact on a project. Assigning more talented resources to the project to reduce the time to completion is an example of exploit response.
Incorrect Answers:
A: The enhance strategy closely watches the probability or impact of the risk event to assure that the organization realizes the benefits. The primary point of this strategy is to attempt to increase the probability and/or impact of positive
C: Risk acceptance means that no action is taken relative to a particular risk; loss is accepted if it occurs.
D: The share strategy is similar as transfer because in this a portion of the risk is shared with an external organization or another internal entity.
by [deleted] at March 24, 2021, 8:31 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Joloms
1 month, 1 week ago
The situation you've described, where bringing on more qualified resources or providing even better quality than originally planned results in reducing the amount of time required to complete the project, is an example of the "Exploit" risk response. Here's a brief explanation of why "Exploit" is the correct answer: Exploit: This risk response strategy is used when the organization wants to ensure that a positive risk (an opportunity) is fully realized. By taking proactive steps to guarantee the occurrence of the opportunity (in this case, reducing the project time by bringing in more qualified resources or enhancing quality), the organization is exploiting the opportunity. The other options are: Enhance: This strategy involves increasing the probability or impact of an opportunity, but it doesn't necessarily guarantee that the opportunity will be realized. It's more about improving chances rather than ensuring the occurrence
upvoted 1 times
...
Prashil
3 years, 1 month ago
Answer is A
upvoted 1 times
Sandie_P
2 years, 8 months ago
Enhancing is not a risk response
upvoted 1 times
...
...
[Removed]
3 years, 3 months ago
Best answer is A, Enhance. Question says "could result", not "will result".
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago