Exam CRISC topic 1 question 235 discussion

Actual exam question from Isaca's CRISC

Question #: 235
Topic #: 1

You are the project manager of the QPS project. You and your project team have identified a pure risk. You along with the key stakeholders, decided to remove the pure risk from the project by changing the project plan altogether. What is a pure risk?

A. It is a risk event that only has a negative side and not any positive result.
B. It is a risk event that is created by the application of risk response.
C. It is a risk event that is generated due to errors or omission in the project work.
D. It is a risk event that cannot be avoided because of the order of the work.

Show Suggested Answer

Suggested Answer: A 🗳️
A pure risk has only a negative effect on the project. Pure risks are activities that are dangerous to complete and manage such as construction, electrical work, or manufacturing. It is a class of risk in which loss is the only probable result and there is no positive result.
Pure risk is associated to the events that are outside the risk-taker's control.
Incorrect Answers:
B: The risk event created by the application of risk response is called secondary risk.
C: A risk event that is generated due to errors or omission in the project work is not necessarily pure risk.
D: This in not valid definition of pure risk.

by SuperMax at Oct. 12, 2023, 5:15 a.m.

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SuperMax

7 months, 2 weeks ago

Pure risk is a category of risk that cannot be controlled and has two outcomes: complete loss or no loss at all. There are no opportunities for gain or profit when pure risk is involved. Pure risk is generally prevalent in situations such as natural disasters, fires, or death. These situations cannot be predicted and are beyond anyone's control. Pure risk is also referred to as absolute risk.

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SuperMax

7 months, 2 weeks ago

A pure risk is typically defined as a risk event that only has a negative side and does not offer any positive results or opportunities. Given that you and your project team have decided to remove the pure risk from the project by changing the project plan altogether, option A is the most appropriate description of a pure risk: A. It is a risk event that only has a negative side and not any positive result. Pure risks are usually the type of risks that project managers aim to mitigate or eliminate as they represent potential harm or loss without corresponding benefits or opportunitie

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