Practice Quiz

Risk Management Professional Exam Prep - Question List

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1. What is a secondary risk?
  1. A risk that is of secondary importance
  2. Residual risk
  3. Force majeure
  4. Risk that is highly unlikely to occur
  5. Risk caused by another risk response strategy
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2. Which of the following are ways of transferring risk?
  1. Insurance
  2. Warranty
  3. Outsourcing
  4. Eliminating the threat
  5. Reducing the impact
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3. True or false: A risk trigger is what triggers a contingency response.
  1. True
  2. False
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4. Management has set the recovery time objective (RTO) to 24 hours for Joe's process. What does this mean?
  1. Joe's people must be in the office performing the process 24 hours after a disaster or disruption.
  2. Joe has 24 hour to decide what to do in event of an emergency.
  3. No more than 24 hours of data can be lost.
  4. All data related to the process must be recovered within 24 hours.
  5. Joe's process must be restored after 24 hours.
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5. What are the two main types of project reserve accounts? Select two:
  1. Management reserve
  2. Mitigation reserve
  3. Resource bench
  4. Contingency reserve
  5. Injured reserve
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