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P3 New Dumps Questions - P3 Exam Discount, Valid P3 Test Objectives
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Download Risk Management Exam Dumps

NEW QUESTION 28
When a new computer system is being implemented there are several possible methods for managing the changeover from the old system to the new system.
Which THREE of the following are true?

  • A. Phased changeover moves individual portions of the business to the new system one at a time.
  • B. All methods of changeover carry high risk and it is the preparation, consideration of data compatibility and data cleansing before the changeover which has the biggest impact on the smoothness of the transition.
  • C. Direct changeover, or Big Bang is only used when the systems are significantly different such that comparing the outputs of the two systems is largely irrelevant.
  • D. Parallel running involves keeping the old system running, normally until certain data retention criteria are met or confidence is gained, while the new system deals with the new workload. Data input is usually carried out on both systems.
  • E. Phased changeover is the safest and slowest method of changeover.
  • F. Pilot changeover moves the simplest part of the business to the new system first.

Answer: A,B,D

 

NEW QUESTION 29
Which of the following represents the greatest risk associated with introducing a system of post-completion audit for investment projects?

  • A. The audit itself will waste time.
  • B. The entity may withdraw from a project without good cause.
  • C. Decision makers may be deterred from taking responsible risks.
  • D. The entity will realise that its approach to project appraisal is flawed.

Answer: C

 

NEW QUESTION 30
AZX sells electrical components.
AZX's annual turnover is S24 million. Half of all sales are on 30 days' (1 month) credit
5% of credit sales have to be written off as unrecovered debt
25% of such write off is subsequently recovered through debt collection and legal action.
What is the expected loss each year due to credit risk?

  • A. S450,000
  • B. $600,000
  • C. $900,000
  • D. 51,200,000

Answer: A

 

NEW QUESTION 31
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