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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. VAR
C. Cost risk
D. Secondary risk
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 need to create a function that filters invoices by CustomerID. The SELECT statement for the function is contained in InvoicesByCustomer.sql.
Which code segment should you use to complete the function?
A. Option B
B. Option C
C. Option A
D. Option D
Answer: C
NEW QUESTION: 3
What Program document feature provides more flexibility to an administrator?
A. Program documents can use the Microsoft Windows built-in Task Scheduler.
B. Microsoft Active Directory server names can be used in Program documents.
C. Server group names can be used in Program documents.
D. Program documents can be triggered to run by a mail-in database.
Answer: C
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