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| Section | Objectives |
|---|---|
| Topic 1: Risk Identification | - Risk description techniques - Risk sources and categories |
| Topic 2: Risk Communication and Reporting | - Risk reporting structures - Stakeholder communication |
| Topic 3: Introduction to Risk Management | - Basic risk concepts and terminology - Purpose and benefits of risk management |
| Topic 4: Risk Response and Control | - Risk response options (avoid, reduce, transfer, accept) - Control selection and implementation |
| Topic 5: MoR Principles and Approach | - MoR framework overview - Governance and embedding risk management |
| Topic 6: Risk Assessment | - Likelihood and impact evaluation - Risk prioritization methods |
1. Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?
A) Implementing business strategy to improve organizational performance
B) Delivering defined business change products within budget and on time
C) Maintaining the appropriate levels of service delivery to new and existing customers
D) Developing plans to improve the overall efficiency of the organization
2. What is an issue?
A) An uncertain event that may occur in the future
B) A relevant event that has happened requiring management action
C) An intangible artefact produced as a result of a planned activity
D) An outcome perceived as negative by one or more stakeholders
3. Which is used to determine 'inherent' risk exposure?
A) Effect on objectives if a risk occurs before starting to tackle risks
B) Impact of a secondary risk if it occurs
C) Likelihood of a risk occurring after completed risk response actions
D) Proximity of a risk after implementation of risk response actions
4. What risk management specialism is focused on ensuring an organization keeps operating following an incident?
A) Safety and security
B) Financial risk management
C) Health and safety
D) Business continuity management
5. Which is recorded in the risk register in the 'identify - risks' step?
A) Assessed probability of risks
B) Responses to risks
C) Description of the risk
D) Lessons learned from completed activities
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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