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Questions and Answers
Which of the following is NOT a component of an effective risk assessment program?
Which of the following is NOT a component of an effective risk assessment program?
- Financial allocations
- Clearly defined objectives
- Qualified personnel
- Legal and regulatory considerations (correct)
Who should manage the risk assessment program?
Who should manage the risk assessment program?
- An external consultant
- Any employee of the organization
- A person with financial expertise
- A competent person with training, skills, and experience (correct)
What does the risk assessment program establish?
What does the risk assessment program establish?
- The organizational structure
- The overall risk management process
- The parameters for planning and executing risk assessments (correct)
- The commitment to risk assessments
What should be given priority in the risk assessment program?
What should be given priority in the risk assessment program?
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What resources should be identified and committed to meet the program objectives?
What resources should be identified and committed to meet the program objectives?
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