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Exam CISSP-ISSMP topic 1 question 123 discussion

Actual exam question from ISC's CISSP-ISSMP
Question #: 123
Topic #: 1
[All CISSP-ISSMP Questions]

Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

  • A. Quantitative analysis
  • B. Contingency reserve
  • C. Risk response
  • D. Risk response plan
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Suggested Answer: B 🗳️
by tld1486905 at Jan. 5, 2025, 7:58 p.m.

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tld1486905
1 month, 2 weeks ago
Selected Answer: B
A contingency reserve is a budget allocated to manage identified risks in a project. This reserve can help maintain project stability and continuity when risks (e.g., cost overruns, delays, or technical challenges) affect project objectives.
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