Which among the following is the MOST crucial part of risk management process?

Which of the following is a key component of strong internal control environment?

You are the project manager of the NKJ Project for your company. The project’s success or failure
will have a significant impact on your organization’s profitability for the coming year. Management
has asked you to identify the risk events and communicate the event’s probability and impact as
early as possible in the project. Management wants to avoid risk events and needs to analyze the
cost-benefits of each risk event in this project. What term is assigned to the low-level of
stakeholder tolerance in this project?

How residual risk can be determined?

Which of the following are the MOST important risk components that must be communicated
among all the stakeholders?
Each correct answer represents a part of the solution. Choose three.

You work as a project manager for BlueWell Inc. You are involved with the project team on the
different risk issues in your project. You are using the applications of IRGC model to facilitate the
understanding and managing the rising of the overall risks that have impacts on the economy and
society. One of your team members wants to know that what the need to use the IRGC is. What
will be your reply?

You are elected as the project manager of GHT project. You are in project initialization phase and
are busy in defining requirements for your project. While defining requirements you are describing
how users will interact with a system. Which of the following requirements are you defining here?

While considering entity-based risks, which dimension of the COSO ERM framework is being
referred?

You are the project manager for Bluewell Inc. You are studying the documentation of project plan.
The documentation states that there are twenty-five stakeholders with the project. What will be the
number of communication channel s for the project?

Which of the following are the common mistakes while implementing KRIs?
Each correct answer represents a complete solution. Choose three.