Which is a common barrier to implementing the risk management process?
A. Lack of a high-risk appetite at senior management level
B. Lack of an appropriate response to a risk in an activity's risk register
C. Lack of an assigned risk owner
D. Lack of risk facilitation resources and time
Which is a responsibility of the senior team role?
A. Approve assessments of risk probability, impact and proximity
B. Specify the required budget to fund risks
C. Document the importance of risk management towards achieving organizational objectives
D. Agree the timing of risk progress reports for an activity
Which information is NOT found in the risk management process guide?
A. Which templates are to be used on a project
B. Why standard forms should be used
C. Where to find a blank risk register
D. How to use an issue register
Which can be used to measure the impact a risk management awareness programme has on an organization?
A. Gateway reviews
B. Benchmarking
C. Risk questionnaires
D. Brainstorming
Which is NOT a use of the 'SWOT analysis' technique?
A. Identify external factors that may have an effect on the organization's objectives
B. Create an understanding of a current market position
C. Identify long-term developments that could affect the organization's objectives
D. Provide an internal and external environmental analysis when used with other techniques
What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?
A. Risk appetite
B. Risk capacity
C. Risk tolerance
D. Risk perception
Which BEST describes the 'reduce the threat' risk response option?
A. Changing the planned tasks in an activity
B. Performing an action to minimise the chance of a risk impacting objectives
C. Monitoring a risk to ensure it remains within acceptable tolerance
D. Partaking in a pain/gain contract with another party for a specified risk
Which is a benefit of effective risk management?
A. Successful completion of all change activities
B. Organizations are better prepared to recover from unplanned incidents
C. Eliminates risk-taking within an organization
D. Guarantees business benefits will be delivered
Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?
A. Aligns with objectives
B. Fits the context
C. Informs decision-making
D. Provides clear guidance
Which effect on the organization's objectives could the PESTLE analysis technique help to identify
A. Risk exposure trends
B. Current external factors
C. Long-term developments
D. Internal strengths
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