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Management of Risk (MoR) Foundation
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Which is a purpose of 'embedding and reviewing' M_o_R?
Maximizing the return on investment in risk management
Assuring the appointment of risk owners
Ensuring the availability of appropriate techniques used in the risk management process steps
Reporting on the risk response plan'
Which is NOT a purpose of 'embedding and reviewing M_o_R'?
Assessing the implementation of risk management
Improving the risk culture of an organization
Reviewing risk descriptions as a result of changes to the context
Identifies the opportunities for updating existing risk management practices.
Identify the missing words in the following sentence. In order to safeguard value- creating activities, [ ? ] is used to build an effective response to threats.
corporate governance
business continuity management
programme management
project management
Which describes 'residual' risk exposure?
Probability of a secondary risk occurring
Effect on objectives if a risk occurs after implementing risk response actions
Chance of a risk occurring before risk response actions commence
Proximity of a risk before risk response actions are completed
Which is a purpose of using a risk maturity model?
Identify where the application of risk management within an organization can be improved
Understand the nature of risks facing an organization and the actions needed to respond
Provide independent risk information at key decision points within a programme or project
Show to which organizational activities risk management should be applied
Which does the SWOT analysis technique help to identify about an organization?
Long-term trends
Stakeholder views
Corporate governance requirements
Internal strengths
Which technique can be used to clarify potential sources of risks across an activity?
Probabilistic risk models
Summary risk profiles
Risk breakdown structure
Decision trees
What objectives are associated with decisions on risks to the achievement of long- term goals?
Strategic
Programme
Project
Operational
Which explains a use of the risk management policy in the identify context' step?
Identifies changes to the organization's market
Identifies how past events could become sources of risk
Describes how corporate governance will affect the risk management process
Understand the maximum amount of risk that should be taken