CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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1. Which of the following process groups is the most efficient at providing resources to the development of the procurement process?
A) Acquisition process
B) Contract management
C) Process management
D) Resource management
2. You are working with your project stakeholders to identify risks within the JKP Project.You want to use an approach to engage the stakeholders to increase the breadth of the identified risks by including internally generated risk. Which risk identification approach is most suited for this goal?
A) Brainstorming
B) Assumptions analysis
C) SWOT analysis
D) Delphi Technique
3. John is the project manager of the NHQ Project for his company. His project has 75 stakeholders, some of which are external to the organization. John needs to make certain that he communicates about risk in the most appropriate method for the external stakeholders. Which project management plan will be the best guide for John to communicate to the external stakeholders?
A) Communications Management Plan
B) Risk Response Plan
C) Project Management Plan
D) Risk Management Plan
4. As seen from the perspective of how the enterprise defines and executes business strategies to achieve its goals and objectives, which of the following elements does the ERM comprise of? Each correct answer represents a complete solution. Choose all that apply.(Select 3answers)
A) Enhancing risk response decisions
B) Providing integrated responses to few risks
C) Reducing operational surprises and losses
D) Aligning risk appetite and strategy
5. You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the project objectives. Which of the following strategies will you use to tackle the risk?
A) Risk mitigation
B) Risk avoidance
C) Risk acceptance
D) Risk transference
A) Acquisition process
B) Contract management
C) Process management
D) Resource management
2. You are working with your project stakeholders to identify risks within the JKP Project.You want to use an approach to engage the stakeholders to increase the breadth of the identified risks by including internally generated risk. Which risk identification approach is most suited for this goal?
A) Brainstorming
B) Assumptions analysis
C) SWOT analysis
D) Delphi Technique
3. John is the project manager of the NHQ Project for his company. His project has 75 stakeholders, some of which are external to the organization. John needs to make certain that he communicates about risk in the most appropriate method for the external stakeholders. Which project management plan will be the best guide for John to communicate to the external stakeholders?
A) Communications Management Plan
B) Risk Response Plan
C) Project Management Plan
D) Risk Management Plan
4. As seen from the perspective of how the enterprise defines and executes business strategies to achieve its goals and objectives, which of the following elements does the ERM comprise of? Each correct answer represents a complete solution. Choose all that apply.(Select 3answers)
A) Enhancing risk response decisions
B) Providing integrated responses to few risks
C) Reducing operational surprises and losses
D) Aligning risk appetite and strategy
5. You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the project objectives. Which of the following strategies will you use to tackle the risk?
A) Risk mitigation
B) Risk avoidance
C) Risk acceptance
D) Risk transference
1. Right Answer: A
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: A
Explanation:
4. Right Answer: A,C,D
Explanation:
5. Right Answer: B
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: A
Explanation:
4. Right Answer: A,C,D
Explanation:
5. Right Answer: B
Explanation:
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