What risk management specialism is focused on ensuring an organization keeps operating following an incident?
A. Business continuity management
B. Safety and security
C. Health and safety
D. Financial risk management
Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities?
A. Strategic
B. Programme
C. Project
D. Operational
Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that the identification of risks is thorough.
A. engages stakeholders
B. provides clear guidance
C. creates a supportive culture
D. facilitates continual improvement
What is an opportunity?
A. An uncertain event that could have a negative impact on objectives or benefits
B. An uncertain event that could have a favourable impact on objectives or benefits
C. An event that has occurred resulting in a negative impact on objectives or benefits
D. An event that has occurred resulting in a favourable impact on objectives or benefits
Which is a purpose for carrying out an 'M_o_R health check'?
A. Provide a snapshot of the current status of identified risks
B. Review how well risk management practices have been embedded
C. Examine future developments that may affect an organization's level of exposure to risk
D. Identify the number of risks emerging in different risk categories
Identify the missing word in the following sentence, The focus of risk management at the [ ? ] perspective is delivering a defined business product through a temporary organization. .
A. strategic
B. project
C. programme
D. operational
Which is NOT a use of the 'horizon scanning' technique?
A. Assessing how emerging trends could affect the organization's objectives
B. Facilitating the identification of changes that may affect the organization's risk exposure
C. Identifying long-term developments that could affect the organization's objectives
D. Conducting a wide scan of the current external environment
What is the difference between a risk and an issue?
A. A risk is impacting objectives now, an issue may have an impact on objectives
B. A risk has a negative impact on objectives, an issue has a positive impact on objectives
C. A risk can impact on all activities, an issue impacts on project deliverables only
D. A risk may have an impact on objectives, an issue is impacting objectives now
Which is a responsibility of the M_o_R senior team role?
A. Ensure adequate resources are available to implement the risk management strategy
B. Ensure an escalation process is in place
C. Maintain ownership of the risk management policy
D. Develop plans to improve risk management
Which describes the risk response option 'share the risk'?
A. Perform an action to minimise the impact of the risk should it occur
B. Carry out an action to make the uncertain situation certain
C. Obtain an insurance policy to cover the impact should the risk occur
D. Partake in a pain/gain contract with another party for the specified risk
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