KSA Risk Management & Assessment 2

Question 1

Which technique gathers anonymous expert opinions through repeated rounds of questionnaires to reach consensus on risks?

Accepted Answer

Delphi technique

Answer

The Delphi technique uses anonymous, iterative expert feedback to converge on a consensus without group-think.

Question 2

A risk register entry is most useful when it includes which of the following?

Accepted Answer

A risk owner, probability, impact, and planned response

Answer

A useful register assigns ownership and records likelihood, impact, and response so the risk can be tracked.

Question 3

What is the primary purpose of a risk assessment's qualitative analysis?

Accepted Answer

To prioritize risks using subjective ratings of probability and impact

Answer

Qualitative analysis ranks risks by relative probability and impact so attention goes to the most significant ones.

Question 4

Which tool plots risks on a grid of likelihood versus consequence?

Accepted Answer

Risk heat map (probability-impact matrix)

Answer

A heat map or probability-impact matrix visually ranks risks by combining likelihood and impact.

Question 5

A risk that exists after all controls and responses have been applied is called:

Accepted Answer

Residual risk

Answer

Residual risk is what remains after mitigation actions have been implemented.

KSA - Knowledge, Skills, and Abilities Practice Test