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NEW QUESTION: 1
Qualitative risk assessment uses which of the following terms for evaluating risk level?
Each correct answer represents a part of the solution. Choose two.
A. Impact
B. Single loss expectancy
C. Probability
D. Annual rate of occurrence
Answer: A,C
Explanation:
Explanation/Reference:
Explanation:
Unlike the quantitative risk assessment, qualitative risk assessment does not assign dollar values. Rather, it determines risk's level based on the probability and impact of a risk. These values are determined by gathering the opinions of experts.
Probability- establishing the likelihood of occurrence and reoccurrence of specific risks, independently,

and combined. The risk occurs when a threat exploits vulnerability. Scaling is done to define the probability that a risk will occur. The scale can be based on word values such as Low, Medium, or High.
Percentage can also be assigned to these words, like 10% to low and 90% to high.
Impact- Impact is used to identify the magnitude of identified risks. The risk leads to some type of loss.

However, instead of quantifying the loss as a dollar value, an impact assessment could use words such as Low, Medium, or High. Impact is expressed as a relative value. For example, low could be 10, medium could be 50, and high could be 100.
Risk level = Probability * Impact
Incorrect Answers:
B, D: These are used for calculating Annual loss expectancy (ALE) in quantitative risk assessment.
Formula is given as follows:
ALE= SLE * ARO

NEW QUESTION: 2
You work as a project manager for HRM Inc. Your project was baselined at 8 hours, but 11 hours have been spent and the estimate to complete is an additional hour. The project should have been completed already. An hourly rate of $100 per hour is provided, and the project is 91.7% complete. Which of the following is the correct CPI for the project?
A. 0.67
B. 0.86
C. 0.45
D. 0.53
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Answer option D is correct.
The cost performance index (CPI) is used to calculate performance efficiencies. It is used in trend analysis to predict future performance. CPI is the ratio of earned value to actual cost. The CPI is calculated based on the following formula:
CPI = Earned value (EV) / Actual cost (AC)
If the CPI value is greater than 1, it indicates better than expected performance, whereas if the value is less than 1, it shows poor performance. The CPI value of 1 indicates that the project is right on target.
Here it is:
EV = Baselined Cost * % Complete Actual
= ($800 * 0.917)
= $734 approximately
AC = Hourly Rate * Total Hours Spent
= ($100 * 11 hours)
= $1100
CPI = Earned Value (EV) / Actual Cost (AC)
= ($734 / $1100)
= 0.67 indicating over budget
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fifth edition" Chapter: Time and Cost Management Objective: Earned Value Analysis and Forecasting Annotate

NEW QUESTION: 3

A. Recycle
B. Dispose in trash
C. Shred
D. Incinerate
Answer: A

NEW QUESTION: 4
Part of an Onboarding process requires your customer's IT department to order a laptop and phone for a new hire. The customer knows which type of tasks to use to request the equipment, but they want the IT department to indicate when it has all arrived and is ready to be issued. They are not sure which task type to use for this.
What should they use? (Choose the best answer.)
A. System Task
B. Fill Form
C. Manual Task
D. Open PDF
E. Request External Service
F. Send Correspondence
Answer: B