Podcast
Questions and Answers
What is the primary focus of risk management?
What is the primary focus of risk management?
- To eliminate risks entirely
- To identify threats and vulnerabilities
- To implement controls and assessment
- To deal with the effect of uncertainty (correct)
What is the first step in the risk management process?
What is the first step in the risk management process?
- Identification and implementation
- Risk assessment (correct)
- Risk treatment
- Risk control
What are the two main components of risk management?
What are the two main components of risk management?
- Risk identification and risk implementation
- Risk monitoring and risk review
- Risk assessment and risk treatment (correct)
- Risk control and risk evaluation
What is the goal of risk management?
What is the goal of risk management?
What is the name of the figure that illustrates the risk management process?
What is the name of the figure that illustrates the risk management process?
What type of risk is often associated with an organization's business strategy?
What type of risk is often associated with an organization's business strategy?
What is the primary purpose of a risk management plan?
What is the primary purpose of a risk management plan?
How many focuses are typically outlined in a risk management plan for each risk?
How many focuses are typically outlined in a risk management plan for each risk?
What is the relationship between risk management and business strategy?
What is the relationship between risk management and business strategy?
What form will uncertainty ordinarily take?
What form will uncertainty ordinarily take?
What might also be identified and pursued aside from negative impacts?
What might also be identified and pursued aside from negative impacts?
What form does uncertainty NOT ordinarily take?
What form does uncertainty NOT ordinarily take?
What is the usual form that uncertainty takes?
What is the usual form that uncertainty takes?
Which impacts might also be identified and pursued despite not being the ordinary form of uncertainty?
Which impacts might also be identified and pursued despite not being the ordinary form of uncertainty?
Which type of risks are most risk assessments more interested in?
Which type of risks are most risk assessments more interested in?
What is the main characteristic of non-speculative risks?
What is the main characteristic of non-speculative risks?
Why might risk assessments consider speculative risks?
Why might risk assessments consider speculative risks?
How do speculative risks differ from non-speculative risks?
How do speculative risks differ from non-speculative risks?
What is the primary concern of risk assessments?
What is the primary concern of risk assessments?
Which action involves deciding not to pursue practices that give rise to risk?
Which action involves deciding not to pursue practices that give rise to risk?
What does it mean to retain the risk?
What does it mean to retain the risk?
When should a risk be kept under review?
When should a risk be kept under review?
Which action is not associated with risk management as described?
Which action is not associated with risk management as described?
How should a risk be managed if it is kept?
How should a risk be managed if it is kept?
