9 Questions
What is the definition of risk according to ISO 31000?
Effect of uncertainty on objectives
What are the two types of events in risk management?
Negative events and positive events
What is the primary goal of risk management?
Minimize, monitor, and control the probability or impact of unfortunate events
What are some sources of risks mentioned in the text?
Political instability, natural causes, deliberate attack from an adversary
How are risk management standards developed?
By various institutions including the Project Management Institute
What is a hazard?
Anything that has the potential to cause harm
What are the risks associated with hazards in a bedroom?
The harm that could occur as a result and the probability/likelihood of this occurring
Why do we do risk assessments?
To recognise and control risks, create awareness, and set standards based on safe practices and legal requirements
What is the primary purpose of reducing incidents and protecting students, volunteers, and staff?
To reduce legal costs/penalties and staff downtime through illness or injury
Test your knowledge of risk management with this quiz! Explore the concepts of risk identification, evaluation, and prioritization, as well as the application of resources to minimize and control the impact of uncertain events. This quiz covers ISO 31000 definitions and practical risk management principles.
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