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Question 6: Which is a primary step within the 'M_o_R process'?
A. Manage
B. Assess
C. Embed
D. Control
Correct Answer: B
7. Which is a goal of the 'assess - evaluate' step?
A. Evaluate the impact, probability and how soon risks might occur
B. Calculate the net effect of risks facing the activity
C. Assess and evaluate the effectiveness of procedures for managing risks
D. Evaluate the net cost of planned risk responses
Correct Answer: B
8. Which is a responsibility of the M_o_R manager role?
A. Define risk tolerance thresholds
B. Prepares risk workshop materials
C. Defines how much risk should be taken
D. Ensures a risk review process is in operation
Correct Answer: D
9. Which is a responsibility of the team?
A. Ensure adequate resources are available to implement the risk management strategy
B. Run risk management workshops
C. Develop the risk improvement plan
D. Identify and escalate risks
Correct Answer: D
10. What is represented graphically on a 'summary risk profile'?
A. Proximity of the identified risks
B. Information found in the risk register
C. Summary of the actions required to respond to the risks in the activity
D. Risk capacity for the activity
Correct Answer: B
11. Which is a use of a risk management maturity model?
A. Enabling organizations to benchmark their current risk management capability
B. Checking the state of current risk management
C. Identifying areas where application of risk management can be improved
D. Carrying out an enterprise wide assessment
Correct Answer: A
12. Identify the missing words in the following sentence. The primary outcome of the [ ? ]
principle is that organizations learn from their mistakes.
A. achieves measurable value
B. provides clear guidance
C. creates a supportive culture
D. facilitates continual improvement
Correct Answer: D
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