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Pass Guaranteed 8003 - 2011 PRM Certification - Exam III: Risk Management Practices Fantastic PDF - Errandsolutions

8003

Exam Code: 8003

Exam Name: 2011 PRM Certification - Exam III: Risk Management Practices

Version: V22.75

Q & A: 580 Questions and Answers

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NEW QUESTION: 1
The restoration priorities of a Disaster Recovery Plan (DRP) are based on which of the following documents?
A. Business Impact Analysis (BIA)
B. Business Continuity Plan (BCP)
C. Crisis management plan
D. Service Level Agreement (SLA)
Answer: B

NEW QUESTION: 2
When you move revenue on an invoice line from an unearned account to an earned revenue account, Receivables ______________.
A. leaves the invoice line revenue contingencies until Reconcile Revenue Contingencies is run
B. removes the pending sales credits
C. leaves the invoice line revenue contingencies until Automatic Revenue Recognition is run
D. removes the invoice line revenue contingencies
Answer: D
Explanation:
Explanation/Reference:
Reference: https://docs.oracle.com/cloud/farel8/financialscs_gs/FAOFC/F1113011AN1CFB0.htm (adjusting revenue)

NEW QUESTION: 3
Consider you are a veteran portfolio manager and that you are managing the most important portfolio in your company. What are the processes you execute as part of the portfolio governance?
A. Portfolio Management Plan and Portfolio Strategic Plan
B. Define Portfolio and Optimize Portfolio
C. Define Portfolio and Authorize Portfolio
D. Portfolio Performance Management and Portfolio Communication Management
Answer: B
Explanation:
Explanation
This is a tricky question that a lot of people have contradicting opinions on it. However the correct answer is Define Portfolio and Optimize Portfolio. The wording here plays a role and it is believed that this question is one of the 20 pre-flight questions that PMI include in the exam. Three of the options for this question tend to be correct: 1- Define Portfolio and Authorize Portfolio: here the answer is not valid because the Authorize Portfolio part is executed by the Governance Board, the Portfolio Manager in this case just recommends changes. 2- Portfolio Performance Management and Portfolio Communication Management: if you come to think of it, Performance Management is used to get numbers and data in order to take a decision, and communication management is used to disseminate the decision; however, question clearly states as part of the governance process and not linked to or supporting the governance process. As a portfolio manager, the Define Portfolio and Optimize Portfolio are both your responsibility to execute

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