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Management of Risk Foundation Questions and Answers

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Question 1

What is represented graphically on a 'summary risk profile'?

Options:

A.

Proximity of the identified risks

B.

Information found in the risk register

C.

Summary of the actions required to respond to the risks in the activity

D.

Risk capacity for the activity

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Question 2

Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

Options:

A.

Determine which other risks will occur if a risk occurs

B.

Calculate the total risk exposure for the activity

C.

Evaluate the effectiveness of risk management across the organization

D.

Determine which risks are independent of other risks

Question 3

Which is NOT a reason for carrying out an ‘M_o_R health check?

Options:

A.

Identify areas for improvement

B.

Help gain maximum value from investment in risk management

C.

Provide a snapshot of the current status of identified risks

D.

Review how well risk management practices have been embedded

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