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Today's Question
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Taken from Cert-CISSP
Related Exam: ISC2 Cert-CISSP SecurityCert: CISSP
Item Number: Cert-CISSP.5.1.7
Which statement is true of FIPS 140?
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Previous question and answer:
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Taken from Cert-PMP4ED
Related Exam: PMI Cert-PMP4ED PMCert: Project Management Professional Fourth Edition
Item Number: Cert-PMP4ED.2.19.6
Your project contains an extremely high-risk task that you do not have in-house skills to address. You decide to procure contract resources to accomplish this task. Which type of risk response strategy are you demonstrating?
- You are demonstrating a risk response strategy of transference. Transference involves transferring the risk and its consequences to a third party. The third party is then responsible for owning and managing the risk.
You are not demonstrating a risk response strategy of avoidance. Avoidance involves modifying the project plan to eliminate the risk or its impact. Examples of avoidance would include limiting the scope of a project or adding resources to a project to eliminate the risk.
You are not demonstrating a risk response strategy of acceptance. Acceptance involves accepting the risk and leaving the project plan unchanged. Examples of acceptance would include taking no action at all or leaving the plan unchanged and developing a contingency or fallback plan.
You are not demonstrating a risk response strategy of mitigation. Mitigation involves reducing the probability or impact of a risk to an acceptable risk threshold. Examples of mitigation would include taking actions to minimize the probability of a risk.
References:
- A Guide to the Project Management Body of Knowledge - PMBOK Guide 4th Edition - Project Risk Management - 11.5.2 Plan Risk Responses: Tools and Techniques
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