Online Access Free MORF Exam Questions

Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that the identification of risks is thorough.

• A.creates a supportive culture
• B.engages stakeholders
• C.provides clear guidance
• D.facilitates continual improvement

Identify the missing words in the following sentence.
The [ ? ] technique is used to measure the net effect of the threats and opportunities facing an activity.

• A.cost-benefit analysis
• B.impact assessment
• C.summary expected value assessment
• D.summary risk profile

Which risk response option 'takes the chance' that the risk will occur, with its full impact if it did?

• A.Prepare contingent plans
• B.Share the risk
• C.Transfer the risk
• D.Accept the risk

Which is a responsibility of the senior team role?

• A.Approve assessments of risk probability, impact and proximity
• B.Agree the timing of risk progress reports for an activity
• C.Document the importance of risk management towards achieving organizational objectives
• D.Specify the required budget to fund risks

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.Partake in a pain/gain contract with another party for the specified risk
• D.Carry out an action to make the uncertain situation certain