Exam CRISC topic 1 question 247 discussion

Actual exam question from Isaca's CRISC

Question #: 247
Topic #: 1

John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?

A. Activity duration estimates
B. Activity cost estimates
C. Risk management plan
D. Schedule management plan

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Suggested Answer: A 🗳️
The activity duration estimates review is valuable in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk.
Incorrect Answers:
B: The activity cost estimates review is valuable in identifying risks as it provides a quantitative assessment of the expected cost to complete scheduled activities and is expressed as a range, with a width of the range indicating the degrees of risk.
C: A Risk management plan is a document arranged by a project manager to estimate the effectiveness, predict risks, and build response plans to mitigate them.
It also consists of the risk assessment matrix.
D: It describes how the schedule contingencies will be reported and assessed.

by SuperMax at Oct. 13, 2023, 5:21 a.m.

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SuperMax

9 months, 1 week ago

Selected Answer: A

A. Activity duration estimates Activity duration estimates provide information about the time required for each activity within the project. By having a range (e.g., best-case, worst-case, and most likely estimates), it helps in identifying potential risks associated with the project schedule. These estimates can be a valuable input for assessing schedule-related risks during the "Identify Risks" process in project management.

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