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Exam CSSLP topic 1 question 12 discussion

Actual exam question from ISC's CSSLP
Question #: 12
Topic #: 1
[All CSSLP Questions]

You are the project manager for GHY Project and are working to create a risk response for a negative risk. You and the project team have identified the risk that the project may not complete on time, as required by the management, due to the creation of the user guide for the software you're creating. You have elected to hire an external writer in order to satisfy the requirements and to alleviate the risk event. What type of risk response have you elected to use in this instance?

  • A. Transference
  • B. Exploiting
  • C. Avoidance
  • D. Sharing
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Suggested Answer: C 🗳️

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CertMaster
2 months ago
C . Avoidance: This involves taking action to eliminate the risk entirely. In your case, hiring an external writer to create the user guide completely eliminates the risk of not completing the project on time due to the user guide creation.
upvoted 1 times
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74gjd_37
1 year, 1 month ago
Selected Answer: A
Option A: Transferance is correct. Transference alone doesn't eliminate the risk entirely, but rather it transfers ownership of the identified risk to another party who has more capacity or expertise in managing that particular type of risk than you do. In this case, by hiring an external writer, you have transferred some of the responsibilities and accountability related to writing user guides to them. However, it's crucial to note that not all risks can be effectively transferred, as there is always the potential for something preventing effective transference from happening. Therefore when employing a transference strategy as your preferred risk response plan; You need to ensure that suitable contracts are in place with proper agreements that hold both parties responsible and accountable for meeting agreed-upon deadlines and outcomes based on specified metrics set during inception planning previously undertaken between stakeholders.
upvoted 1 times
74gjd_37
1 year, 1 month ago
Avoidance aims to eliminate the risk event by eliminating the cause of the identified threat. In this project scenario, creating a user manual for the software is essential and mandatory; avoiding it altogether would halt or significantly delay product development, which is not feasible nor desirable. As such, hiring an external writer to complete a user guide ensures that you are taking specific actions and mitigations to minimize any adverse impact on time schedules due to delays in completing this necessary requirement. This response strategy acknowledges that there will be risks involved but seeks ways to manage those risks rather than avoid them entirely. Hence, choosing transference as your risk response plan makes more sense in managing potential challenges related to writing professional documents and minimizing negative outcomes' impacts on GHY Project's objectives within defined budgets and deadlines.
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74gjd_37
1 year, 1 month ago
Risk sharing occurs when you allocate a portion of the risk to another party who will also be adversely affected by the same or similar risks. Each party shares in both the likelihood and impact of loss associated with the risk event. In this scenario, if instead, you collaborated with another enterprise on creating user guides together, that would have been an example of risk sharing because each organization would share responsibility for ensuring timely completion of the task. However, hiring an external writer is a form of transference as it involves transferring part or all of the identified risks to a third-party provider responsible for completing specific tasks within specified timelines without burdening any other party involved in GHY project development.
upvoted 1 times
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chronm
1 year, 4 months ago
Selected Answer: A
Risk Transfer Avoidance always means that there is no risk anymore at all. By transfering the risk there is still a small risk (faulty contract or the external goes bancrupt)
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4e3rv21rq3vq2q
2 years, 4 months ago
Selected Answer: C
Risk avoidance This technique usually involves developing an alternative strategy that is more likely to succeed, but is usually linked to a higher cost.
upvoted 3 times
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