Which BEST describes an area of uncertainty at the operational perspective?
A. Variation to the schedule of a defined business product
B. Availability of skills required to deliver services to customers
C. Minimizing disruptions to customer services during transformational change
D. Damage to the organization's infrastructure
Which is a use of the risk management policy in the 'identify - context' step for an activity?
A. Recording departures from the risk management process guide
B. Identifying the activity-specific categories to be used for grouping risks
C. Providing guidance on setting risk tolerance thresholds
D. Defining the records to be used
What is a 'central risk function'?
A. A group with formal responsibility for supporting strategic risk management
B. A group that may pose a risk to objectives through its opposition to plans
C. A group responsible for approving the funding for risk management
D. A group that acts on risks escalated from other perspectives
Which is a benefit of effective risk management?
A. Activity plans are agreed before the activity commences
B. Staff members are better prepared to respond to incidents
C. Removes the organization's need to take risks
D. Guarantees business benefits will be delivered
Identify the missing words in the following sentence. Because organizations [ ? ] they need to use the environmental risk management' specialism.
A. are concerned about stakeholder perceptions
B. see brand and reputation as key assets
C. face financial penalties for polluting waterways
D. fail to deliver minimum standards
Which action is NOT needed in order for risk management to be effective?
A. Identify the risk
B. Eliminate the risk
C. Assess the risk
D. Control the risk
Which BEST describes an area of uncertainty at the programme perspective?
A. Changes to customer requirements for business products
B. Interdependences between business change initiatives
C. Ability of the infrastructure to meet the required level of service
D. Operational activities that may affect the organizational reputation
Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?
A. Senior team
B. Audit committee
C. Risk owner
D. Team
Identify the missing word in the following sentence. Applying the 'aligns with objectives' principle at the [ ? ] perspective ensures risk management is responsive to changes to objectives that meet shareholder needs, reputation and demand for services.
A. operational
B. project
C. programme
D. strategic
What are the M_o_R principles informed by?
A. Statements of internal control
B. International standard for risk management ISO31000:2009
C. Public Company Accounting and Reform and Investor Protection Act
D. Basel Accord (Basel II)
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