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Management of Risk Foundation Questions and Answers

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Question 1

Which is used to review how well an organization has embedded M_o_R?

Options:

A.

Risk improvement plan

B.

Monetary benefit measurement

C.

Risk management health check

D.

Early warning indicators

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Question 2

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

Options:

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

Question 3

Which BEST describes an area of uncertainty at the programme perspective?

Options:

A.

Changes to customer requirements for business products

B.

Interdependences between business change initiatives

C.

Ability of the infrastructure to meet the required level of service

D.

Operational activities that may affect the organizational reputation

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