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Exam Code: CTPRP
Exam Name: Certified Third-Party Risk Professional (CTPRP)
Vendor: Shared Assessments

60 Questions & Answers
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NEW QUESTION: 1
CORRECT TEXT

pcs constraint order VHost1IPv4 ____ HTTPD

Answer:
Explanation:
then, THEN

NEW QUESTION: 2
Which accounts leverage the component Dimension for driver and trend based calculations? (Choose two.)
A. Revenue
B. Expense
C. Cash Flow
D. Balance Sheet
Answer: A,B
Explanation:
Explanation
Specifying Drivers and Trends
Specify drivers and trends for standard forecasts in Driver and Trend Based driver and trend-based. Specify drivers and trends for rolling forecasts in Rolling Forecast Rolling forecast icon. Calculated values for the accounts associated with your drivers display on Driver-Based Revenue and Driver-Based Expense on the tab for your forecasting method.
References:
https://docs.oracle.com/cloud/latest/pbcs_common/EPBUG/fin_defining_trend-based_driver_assumptions.htm#E

NEW QUESTION: 3
Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event. Ben then communicates the risk event and response to management. What risk response has been used here?
A. Sharing
B. Exploit
C. Transference
D. Explanation:
Enhance is a risk response to improve the conditions to ensure the risk event occurs. Risk enhancement raises the probability of an opportunity to take place by focusing on the trigger conditions of the opportunity and optimizing the chances. Identifying and maximizing input drivers of these positive-impact risks may raise the probability of their occurrence.
E. Enhance
Answer: E
Explanation:
is incorrect. Transference is a strategy to mitigate negative risks or threats. In this strategy, consequences and the ownership of a risk is transferred to a third party. This strategy does not eliminate the risk but transfers responsibility of managing the risk to another party. Insurance is an example of transference. Answer: C is incorrect. Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities for positive impact on a project. Assigning more talented resources to the project to reduce the time to completion is an example of exploit response. Answer: D is incorrect. Sharing happens through partnerships, joint ventures, and teaming agreements. Sharing response is where two or more entities share a positive risk. Teaming agreements are good example of sharing the reward that comes from the risk of the opportunity.


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