Pass MORF Exam Guide

Management of Risk Foundation Questions and Answers

Question 5

What provides an analysis of trends of risks in different risk categories?

Risk management strategy

Risk progress report

Risk communications plan

Risk improvement plan

Question 6

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

Perform an action to minimise the impact of the risk should it occur

Carry out an action to make the uncertain situation certain

Obtain an insurance policy to cover the impact should the risk occur

Partake in a pain/gain contract with another party for the specified risk

Question 7

Which is provided by the 'M_o_R principles'?

Guidance for the design of a risk management approach

Design for an organization's corporate governance policy

Criteria used to measure the development of risk management

Inputs, outputs, tasks and techniques needed to implement risk management

Question 8

Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?

Senior team

Audit committee

Risk owner

Team