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| Section | Objectives |
|---|---|
| Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| Risk Management Principles | - Risk appetite and risk tolerance - Objectives and benefits of risk management - Definition of risk and risk management concepts |
| Risk Identification and Assessment | - Risk categorization and prioritization - Qualitative and quantitative risk assessment - Risk identification techniques |
| M_o_R Framework | - Roles and responsibilities in risk governance - Embedding risk management in organizational processes - Overview of M_o_R principles and approach |
| Risk Response Planning | - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) - Contingency planning |
1. Which describes 'residual' risk exposure?
A) Effect on objectives if a risk occurs after implementing risk response actions
B) Chance of a risk occurring before risk response actions commence
C) Probability of a secondary risk occurring
D) Proximity of a risk before risk response actions are completed
2. What objectives are associated with decisions about risks to the delivery of business change capabilities?
A) Operational
B) Enterprise
C) Strategic
D) Programme
3. Which specialism has been developed to offer business as usual in the quickest possible time in the event of an emergency?
A) Reputational risk management
B) Business continuity management
C) Incident and crisis management
D) Health and safety management
4. Which explains a use of the risk management policy in the identify context' step?
A) Identifies how past events could become sources of risk
B) Describes how corporate governance will affect the risk management process
C) Understand the maximum amount of risk that should be taken
D) Identifies changes to the organization's market
5. What document provides a record of the risks identified for a particular activity?
A) Risk register
B) Risk improvement plan
C) Risk progress report
D) Risk management strategy
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A |
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