Risk management is becoming the basis for all decision making2. Risk management helps organizations to identify opportunities and threats, evaluate alternatives, and make informed choices.
Question 2
Uncertainty leads to a changing context
Options:
A.
True
B.
False
Answer:
A
Explanation:
Explanation:
Uncertainty leads to a changing context2. This means that uncertainty creates variability in outcomes and expectations, which may affect the objectives and scope of risk management.
Question 3
Which of the following are measured extensively throughout the organization and into the supply chain?
Options:
A.
KPI’s and KRI’s
B.
API's and SKD's
C.
PDA's and PBA's
D.
CMP's and CAD's
Answer:
A
Explanation:
Explanation:
KPIs (Key Performance Indicators) and KRIs (Key Risk Indicators) are measured extensively throughout the organization and into the supply chain1. These indicators help to monitor and evaluate the performance and effectiveness of risk management.