What is the goal of the 'assess - estimate' step?A . Identify the threats and opportunities facing the organizational activityB . Estimate and agree the budget required to manage risks to the activityC ....
Which BEST describes an area of uncertainty at the operational perspective?A . Changes to the delivery schedule of business productsB . Conflicts during the implementation of business strategyC . Capabilities of the infrastructure to...
Which is an M_o_R principle?A . Supports organizational performanceB . Achieves measurable valueC . Changes the culture of risk managementD . Embedding and reviewingView AnswerAnswer: B
Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?A . Determine which other risks will occur if a risk occursB . Calculate the total risk exposure for...
What is risk exposure?A . Amount of risk the organization, or subset of it, is willing to acceptB . Maximum amount of risk that an organization can bearC . Combined effect of risks to...
Which document describes how risk management activities will support the achievement of corporate objectives throughout an organization?A . Risk management strategyB . Risk management process guideC . Risk progress reportD . Risk management policyView...
Which is NOT a reason for carrying out an ‘M_o_R health check?A . Identify areas for improvementB . Help gain maximum value from investment in risk managementC . Provide a snapshot of the current...
Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.A . performB . recordC . planD . manageView AnswerAnswer: C
What ensures that an organization's implementation of the M_o_R approach' and 'M_o_R process' undergoes frequent improvement to remain effective?A . Corporate governanceB . Internal controlsC . Embedding and reviewingD . Contingency planningView AnswerAnswer: C
What step is used to determine the time period when a risk might occur?A . Identify - risksB . Assess - estimateC . Assess - evaluateD . Identify C contextView AnswerAnswer: B
