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| Section | Objectives |
|---|---|
| Topic 1: Risk Response Planning | - Contingency planning - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) |
| Topic 2: Risk Identification and Assessment | - Risk identification techniques - Risk categorization and prioritization - Qualitative and quantitative risk assessment |
| Topic 3: M_o_R Framework | - Embedding risk management in organizational processes - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance |
| Topic 4: Risk Management Principles | - Objectives and benefits of risk management - Definition of risk and risk management concepts - Risk appetite and risk tolerance |
| Topic 5: Risk Monitoring and Control | - Continuous improvement in risk management - Risk monitoring techniques - Reporting and escalation processes |
1. Which is a goal of the 'plan' process step?
A) Agree the timing of the risk communications plan
B) Set the risk tolerance of an activity
C) Choose appropriate actions to deal with risks
D) Understand an activity's pre-response risk exposure
2. Which is an M_o_R principle?
A) Changes the culture of risk management
B) Embedding and reviewing
C) Supports organizational performance
D) Achieves measurable value
3. Which is a common barrier to implementing the risk management process?
A) Lack of a high-risk appetite at senior management level
B) Lack of an assigned risk owner
C) Lack of risk facilitation resources and time
D) Lack of an appropriate response to a risk in an activity's risk register
4. What objectives are associated with decisions on risks to the achievement of long-term goals?
A) Operational
B) Strategic
C) Programme
D) Project
5. Identify the missing words in the following sentence. Actions to [ ? ] are the source of secondary risks.
A) improve how risk is managed
B) transform process step inputs to outputs
C) embed risk management
D) tackle risks to an organizational activity
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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