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Free CRISC Exam Braindumps (page: 56)

Page 56 of 451
PDF with 1871 Questions

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?

  1. 20
  2. 100
  3. 50
  4. 300

Answer(s): D

Explanation:

Communication channels are paths of communication with stakeholders in a project. The number of communication channels shows the complexity of a project's communication and can be derived through the formula shown below:
Total Number of Communication Channels = n (n-1)/2 where n is the number of stakeholders.

Hence, a project having five stakeholders will have ten communication channels. Putting the value of the number of stakeholders in the formula will provide the number of communication channels.

Hence, Number of communication channel = (n (n-1)) / 2
= (25 (25-1)) / 2
= (25 x 24) / 2
= 600 / 2
= 300

Incorrect Answers:
A, B, C: These are not valid number of communication channels for the given scenario.



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

  1. Choosing KRIs that are difficult to measure
  2. Choosing KRIs that has high correlation with the risk
  3. Choosing KRIs that are incomplete or inaccurate due to unclear specifications
  4. Choosing KRIs that are not linked to specific risk

Answer(s): A,C,D

Explanation:

A common mistake when implementing KRIs other than selecting too many KRIs includes choosing KRIs that are:
Not linked to specific risk
Incomplete or inaccurate due to unclear specifications Too generic
Difficult to aggregate, compare and interpret Difficult to measure

Incorrect Answers:
B: For ensuring high reliability of the KRI, The indicator must possess a high correlation with the risk and be a good predictor or outcome measure. Hence KRIs are chosen that has high correlation with the risk.



Which of the following control audit is performed to assess the efficiency of the productivity in the operations environment?

  1. Operational
  2. Financial
  3. Administrative
  4. Specialized

Answer(s): A



Billy is the project manager of the HAR Project and is in month six of the project. The project is scheduled to last for 18 months.

Management asks Billy how often the project team is participating in risk reassessment in this project. What should Billy tell management if he's following the best practices for risk management?

  1. Project risk management has been concluded with the project planning.
  2. Project risk management happens at every milestone.
  3. Project risk management is scheduled for every month in the 18-month project.
  4. At every status meeting the project team project risk management is an agenda item.

Answer(s): D

Explanation:

Risk management is an ongoing project activity. It should be an agenda item at every project status meeting. Incorrect Answers:
A: Risk management happens throughout the project as does project planning.

B: Milestones are good times to do reviews, but risk management should happen frequently.

C: This answer would only be correct if the project has a status meeting just once per month in the project.



Page 56 of 451



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