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NEW QUESTION: 1
You work as a project manager for HRM Inc. You want to calculate the probability of loss due to cost overrun. Which of the following terms describes the above metric?
A. Residual risk
B. Secondary risk
C. Cost risk
D. VAR
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Answer option A is correct.
Cost risk evaluates the probability of loss due to cost overrun. It is the measure of chance that, due to unfavorable events, the planned or budgeted cost of events can be exceeded.
Answer option B is incorrect. Residual risk is the risk or danger of an action or an event, a method or a (technical) process that still conceives these dangers even if all theoretically possible safety measures would be applied. The formula to calculate residual risk is (inherent risk) x (control risk) where inherent risk is (threats vulnerability).
Answer option D is incorrect. Secondary risk is a risk that arises as a straight consequence of implementing a risk response. The secondary risk is an outcome of dealing with the original risk.
Secondary risks are not as rigorous or important as primary risks, but can turn out to be so if not estimated and planned properly.
Answer option C is incorrect. Value at risk (VAR) is used to calculate the highest possible loss in a defined period, i.e., day, week, or year with a confidence level of usually 95% or 99%. VAR is used by banks, security organizations, and corporations that are involved in business and additional possessions. VAR calculates risks when they occur, and is an essential consideration when organizations make trading or hedging decisions.
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth edition" Chapter: Quality and Risk Management Objective: Time and Cost Risks

NEW QUESTION: 2
You are working on a Sales Order Processing with Collective Billing (BKZ) process in SAP S/4HANA Cloud.
Which of the following split criteria always prevent the combination of multiple sales orders into a single outbound delivery?
(2)
A. Ship-to party
B. Payment term
C. Plant
D. Shipping point
Answer: A,D

NEW QUESTION: 3
A small IT security form has an internal network composed of laptops, servers, and printers. The network has both wired and wireless segments and supports VPN access from remote sites. To protect the network from internal and external threats, including social engineering attacks, the company decides to implement stringent security controls. Which of the following lists is the BEST combination of security controls to implement?
A. Enable SSID broadcast on a honeynet; install monitoring software on all corporate equipment' install CCTVs to deter social engineering; enable SE Linux in permissive mode.
B. Disable SSID broadcast, require full disk encryption on servers, laptop, and personally owned electronic devices, enable MAC filtering on WAPs, require photographic ID to enter the building.
C. Divide the network into segments for servers, laptops, public and remote users; require the use of one time pads for network key exchange and access; enable MAC filtering ACLs on all servers.
D. Enable port security; divide the network into segments for servers, laptops, public and remote users; apply ACLs to all network equipment; enable MAC filtering on WAPs; and require two-factor authentication for network access.
Answer: D