8008 Exam Information and Guideline
Exam III: Risk Management Frameworks
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
Exam Details for 8008 Exam III: Risk Management Frameworks:
Number of Questions: The exam consists of multiple-choice questions, with a total of approximately 90 questions.
Time Limit: The total time allocated for the exam is 3 hours.
Passing Score: The passing score for the exam varies and is determined by the certifying body or organization offering the exam.
Exam Format: The exam is typically conducted in a proctored environment, either in-person or online.
Course Outline:
1. Risk Management Principles:
- Introduction to risk management
- Risk identification and assessment
- Risk response strategies
- Risk monitoring and reporting
2. Risk Governance and Culture:
- Roles and responsibilities of risk management stakeholders
- Risk appetite and tolerance
- Risk culture and ethics
- Board and senior management oversight
3. Risk Management Frameworks:
- COSO Enterprise Risk Management Framework
- ISO 31000 Risk Management Framework
- Other industry-specific risk frameworks
- Integration of risk management with strategic planning and decision-making
4. Risk Assessment and Analysis:
- Quantitative and qualitative risk assessment techniques
- Probability and impact analysis
- Scenario analysis and stress testing
- Risk correlation and aggregation
5. Risk Mitigation and Control:
- Risk treatment options and strategies
- Risk transfer, avoidance, acceptance, and reduction
- Control design and implementation
- Monitoring and effectiveness of risk controls
Exam Objectives:
1. Understand the principles and fundamentals of risk management.
2. Demonstrate knowledge of risk governance and culture.
3. Understand various risk management frameworks and their application.
4. Apply risk assessment and analysis techniques.
5. Understand risk mitigation and control strategies.
Exam Syllabus:
The exam syllabus covers the following topics:
1. Risk Management Principles
- Introduction to risk management
- Risk identification and assessment
- Risk response strategies
- Risk monitoring and reporting
2. Risk Governance and Culture
- Roles and responsibilities of risk management stakeholders
- Risk appetite and tolerance
- Risk culture and ethics
- Board and senior management oversight
3. Risk Management Frameworks
- COSO Enterprise Risk Management Framework
- ISO 31000 Risk Management Framework
- Other industry-specific risk frameworks
- Integration of risk management with strategic planning
4. Risk Assessment and Analysis
- Quantitative and qualitative risk assessment techniques
- Probability and impact analysis
- Scenario analysis and stress testing
- Risk correlation and aggregation
5. Risk Mitigation and Control
- Risk treatment options and strategies
- Risk transfer, avoidance, acceptance, and reduction
- Control design and implementation
- Monitoring and effectiveness of risk controls