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1. How is the risk register used in the'assess - estimate' step?
A) Identify risk owners
B) Update the residual risk exposure
C) Record identified risks
D) Revise risk descriptions as necessary
2. What is the initial probability recorded in the risk register based on?
A) Post-response assessment
B) Proximity of the risk
C) Stage of the activity
D) Pre-response assessment
3. Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?
A) Communicating risk management successes
B) Having risk delivery linked to performance objectives
C) Undertaking qualitative and quantitative assessment of risks
D) Having a board-level sponsor defined and communicated to all staff
4. What is risk exposure?
A) Maximum amount of risk that an organization can bear
B) Amount of risk the organization, or subset of it, is willing to accept
C) Combined effect of risks to a set of objectives
D) System by which organizations are directed and controlled
5. What does a 'risk management strategy' describe?
A) Specific risk management practices that will be performed within an activity
B) Processes required to improve risk management within an organization
C) Risk management policies that will be implemented throughout an organization
D) Series of steps needed to implement risk management
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |
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