Organizational Crisis Management Quiz
10 Questions
1 Views
3.7 Stars

Organizational Crisis Management Quiz

Created by
@SteadfastHaiku

Questions and Answers

What does 'risk sharing or transfer' involve?

Contracting with a third party to bear some or all costs of a risk

When is a risk accepted according to the text?

When risks fall within the organization's risk appetite and tolerance

What is the purpose of risk management according to the text?

To identify potential problems before they occur

What is emphasized in the text about mitigating risks?

<p>It is less costly to prevent risks from triggering rather than dealing with them after they trigger</p> Signup and view all the answers

What activities are involved in the 'Monitoring and review' step of risk management?

<p>Measuring key performance indicators and looking for key risk indicators</p> Signup and view all the answers

Which phase of a project is risk management considered important according to the text?

<p>Initiation phase</p> Signup and view all the answers

'Risk treatment' in the context of risk management involves:

<p>Applying agreed-upon controls and processes</p> Signup and view all the answers

'Crisis management' deals with:

<p>Handling an event that occurs at a specific point in time</p> Signup and view all the answers

What should monitoring activities in risk management focus on?

<p>Measuring key performance indicators and looking for key risk indicators</p> Signup and view all the answers

How does the text suggest dealing with risks to prevent failure?

<p>Proactively mitigating risks before they trigger</p> Signup and view all the answers

Use Quizgecko on...
Browser
Browser