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NEW QUESTION: 1
A well-known retailer has experienced a massive credit card breach. The retailer had gone through an audit and had been presented with a potential problem on their network.
Vendors were authenticating directly to the retailer's AD servers, and an improper firewall rule allowed pivoting from the AD server to the DMZ where credit card servers were kept.
The firewall rule was needed for an internal application that was developed, which presents risk. The retailer determined that because the vendors were required to have site to site VPN's no other security action was taken.
To prove to the retailer the monetary value of this risk, which of the following type of calculations is needed?
A. Quantitative Risk Analysis
B. Residual Risk calculation
C. A cost/benefit analysis
D. Qualitative Risk Analysis
Answer: A
Explanation:
Performing quantitative risk analysis focuses on assessing the probability of risk with a metric measurement which is usually a numerical value based on money or time.

NEW QUESTION: 2

A. 0
B. 1
C. 2
D. 3
Answer: D

NEW QUESTION: 3
You have been assigned as the Project Manager for a new project that involves deployment of a new software application to all your organization's users. The timeline is aggressive, and this software is being deployed on your company's architecture for the first time. In addition, your project steering committee has specified an allowable budget for your project. You plan to use an outside company for this deployment.
Which of the following contract types is BEST suited for you to negotiate?
A. Lowest bid
B. Time and material
C. Fixed price
D. Cost reimbursable
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Answer option D is correct.
As mentioned in the question, the project is first of its kind and will carry unknown risks. In addition, the budget for the project is fixed. Using a cost reimbursable or T&M Material contract will make it difficult to control the costs in a project of this nature. By using a fixed price contract, the risk is shifted to the seller and is the best one to choose in this scenario.
Answer options B, C, and A are incorrect. Using a cost reimbursable or T&M Material contract will make it difficult to control the costs in a project of this nature. Lowest bid is not a type of a contract.
Reference: The Project Management Body of Knowledge, Fifth edition, Section 12.1.1.9, Page 362 Chapter: Procurement and Project Integration Objective: Contract Types and Contract Negotiations