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 policies, processes, strategies and plans
Which perspective ensures risk management maintains a view of the adequacy of controls that support service delivery to satisfy the fits the context principle?
A. Strategic
B. Programme
C. Operational
D. Project
Which BEST describes an area of uncertainty at the programme perspective?
A. Schedule of business products to time and cost
B. Availability of skills to deliver services to new and existing customers
C. Implementing new business practices across organizational boundaries
D. Legislation that affects core business activities
Which heading in a 'risk register is used to record the area of uncertainty?
A. Cause
B. Event
C. Effect
D. Probability
Which BEST describes an area of uncertainty at the programme perspective?
A. Disruptions to operations during business change implementation
B. Introduction of new laws that affect core business activities
C. Availability of resources for the day-to-day delivery of services to customers
D. Changes to the scope of defined business products
What is the goal of the 'assess - estimate' step?
A. Identify the threats and opportunities facing the organizational activity
B. Estimate and agree the budget required to manage risks to the activity
C. Assess the effectiveness of the risk management processes within an organization
D. Determine the risks with the greatest effect on an activities objectives
Which is a purpose of the 'risk management policy'?
A. Explain the actions required to implement risk management
B. Define the Specific risk management activities that will be performed for an activity
C. Describe how risk management practices will be implemented throughout an organization
D. Record information about threats and opportunities for an organizational activity
Which is NOT a recommended risk response option for an 'opportunity'?
A. Enhance
B. Transfer
C. Share
D. Reduce
Which task will be carried out while performing the 'identify - risks' step?
A. Calculating when an identified risk is likely to occur
B. Ranking the importance of the stakeholders involved in the activity
C. Ensuring that all participants agree on the identified risks
D. Developing an appropriate response to the identified risks
Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.
A. strategic
B. programme
C. project
D. operational
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