Exam CAP topic 1 question 23 discussion

Actual exam question from ISC's CAP

Question #: 23
Topic #: 1

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. Risk response plan
B. Quantitative analysis
C. Risk response
D. Contingency reserve

Show Suggested Answer

Suggested Answer: D 🗳️

by CyberRomeo at March 26, 2021, 10:06 a.m.

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rabbasi41

1 month, 2 weeks ago

Selected Answer: D

Creating a chart that identifies risk probability, impact, and the financial amount associated with each risk event typically results in the determination of a contingency reserve. This reserve is a financial buffer set aside to address the potential costs of identified risks that may occur. It is derived from a quantitative risk analysis that assigns monetary values to the risks.

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CapTest

7 months, 2 weeks ago

D is the correct answer: Contingency reserve is used when a risk occurs as part of the risk response strategy. The actual impact of the risk is added to the cost or schedule.

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CyberRomeo

11 months ago

The right answer here is B

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Exam CAP topic 1 question 23 discussion

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CyberRomeo

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