Free PSP Risk Management Questions and Answers

Question 1

Which of the following is the first step in the risk management process?

Accepted Answer

Risk Identification

Answer

Risk Assessment

Answer

Risk Mitigation

Answer

Risk Monitoring

Question 2

What is the primary purpose of conducting a risk assessment?

Accepted Answer

To prioritize risks based on their impact

Answer

To create security policies

Answer

To eliminate all risks

Answer

To implement security controls

Question 3

Which risk treatment strategy involves accepting the risk without taking any action to reduce its impact?

Accepted Answer

Risk Acceptance

Answer

Risk Avoidance

Answer

Risk Transfer

Answer

Risk Mitigation

Question 4

What is the purpose of a vulnerability assessment in risk management?

Accepted Answer

To identify weaknesses that could be exploited by threats

Answer

To measure the effectiveness of security controls

Answer

To monitor ongoing security risks

Answer

To document security incidents

Question 5

Which of the following is an example of risk transfer?

Accepted Answer

Purchasing insurance

Answer

Implementing stronger access controls

Answer

Discontinuing a risky operation

Answer

Performing regular security audits