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| Section | Objectives |
|---|---|
| Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| 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 Management Principles | - Objectives and benefits of risk management - Risk appetite and risk tolerance - Definition of risk and risk management concepts |
| Risk Identification and Assessment | - Risk identification techniques - Qualitative and quantitative risk assessment - Risk categorization and prioritization |
| Risk Response Planning | - Contingency planning - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses |
Question 1
Which effect on the organization's objectives could the PESTLE analysis technique help to identify
A. Internal strengths
B. Risk exposure trends
C. Long-term developments
D. Current external factors
Question 2
Which risk response option'takes the chance' that the risk will occur, with its full impact if it did?
A. Prepare contingent plans
B. Transfer the risk
C. Accept the risk
D. Share the risk
Question 3
Which is a purpose for carrying out an'M_o_R health check'?
A. Identify the number of risks emerging in different risk categories
B. Provide a snapshot of the current status of identified risks
C. Examine future developments that may affect an organization's level of exposure to risk
D. Review how well risk management practices have been embedded
Question 4
Which can be used to measure the impact a risk management awareness programme has on an organization?
A. Risk questionnaires
B. Brainstorming
C. Benchmarking
D. Gateway reviews
Question 5
Which BEST describes an area of uncertainty at the strategic perspective?
A. Changes to scope, quality, cost and schedule of business products
B. Stakeholder opinions of operational activities that may affect the organizational reputation
C. Ability of the infrastructure to meet the required level of service
D. Impact of business changes on current organizational performance
Solutions:
| Question 1 Answer: D | Question 2 Answer: C | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: B |
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