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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Embedding and Reviewing M_o_R | 15% | - Reviewing and improving - Risk culture and maturity - Embedding risk management |
| Topic 2: M_o_R Approach | 25% | - Roles and responsibilities - Risk improvement plan - Risk register - Risk management process guide - Risk management policy |
| Topic 3: M_o_R Process | 40% | - Assess risks (estimate and evaluate) - Identify risks - Implement responses - Communicate and consult - Plan responses |
| Topic 4: M_o_R Principles | 20% | - Facilitate continual improvement - Involve stakeholders - Be open and responsive - Provide clear guidance - Align with objectives - Fit the context |
1. Identify the missing word in the following sentence, The focus of risk management at the [ ? ] perspective is delivering a defined business product through a temporary organization. .
A) strategic
B) operational
C) programme
D) project
2. What is the goal of the 'assess - estimate' step?
A) Assess the effectiveness of the risk management processes within an organization
B) Estimate and agree the budget required to manage risks to the activity
C) Identify the threats and opportunities facing the organizational activity
D) Determine the risks with the greatest effect on an activities objectives
3. What is an issue?
A) A relevant event that has happened requiring management action
B) An intangible artefact produced as a result of a planned activity
C) An uncertain event that may occur in the future
D) An outcome perceived as negative by one or more stakeholders
4. Identify the missing words in the following sentence. In order to safeguard value-creating activities, [ ? ] is used to build an effective response to threats.
A) business continuity management
B) corporate governance
C) project management
D) programme management
5. What risk management specialism is focused on ensuring an organization keeps operating following an incident?
A) Business continuity management
B) Safety and security
C) Health and safety
D) Financial risk management
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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