Online Access Free 108 Exam Questions

How is the risk register used in the 'assess - estimate' step?

• A.Record identified risks
• B.Identify risk owners
• C.Revise risk descriptions as necessary
• D.Update the residual risk exposure

Which is a definition of a risk maturity model?

• A.An assessment of an organization's risk management practice
• B.A self-assessment check that the principles have been applied well
• C.A tool for checking the health of current risk management
• D.A framework of mature practices for appraising an organization's risk management competency

What risk management specialism is focused on ensuring an organization keeps operating following an incident?

• A.Health and safety
• B.Financial risk management
• C.Safety and security
• D.Business continuity management

Which describes the risk response option 'share the risk'?

• A.Obtain an insurance policy to cover the impact should the risk occur
• B.Perform an action to minimise the impact of the risk should it occur
• C.Carry out an action to make the uncertain situation certain
• D.Partake in a pain/gain contract with another party for the specified risk

What may be recorded in the risk register during the 'identify - risks' step?

• A.A risk description expressed as a cause, event and effect
• B.An action required to mitigate an identified risk
• C.The risk actionee for an identified risk response
• D.The probability and impact of an identified risk