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Free L5M2 Exam Braindumps (page: 11)

Page 10 of 31
PDF with 120 Questions

In an organisation, who is responsible for creating a risk assessment register?

  1. the CEO
  2. Procurement Manager
  3. Risk Manager / H+S Manager
  4. Cross-Functional Team

Answer(s): D

Explanation:

A Cross Functional Team should create a risk register. It shouldn't be the responsibility of one person to do this- more points of view will lead to more risks being identified. Accountability for the Risk Register may however sit with the CEO or a Department Manager. This is explained on p. 132



Yusef is a new procurement manager at FRD Incorporated. He is looking through the Risk Assessments for his department and notices that the cause of the risk is not identified.
Why might this be?

  1. this is a mistake - all risk assessments should specify the cause of the risk. He should raise this with his manager
  2. the organisation has a high risk appetite
  3. the organisation has not recorded cause for cultural reasons
  4. the organisation has completed the risk assessments incorrectly

Answer(s): C

Explanation:

This could be for cultural reasons within the company. P. 135 states that sometimes causes of risk are not recorded as this could lead to a blame culture within the company.



Which of the following form part of the Stakeholder Salience Model? Select TWO

  1. power
  2. legitimacy
  3. interest
  4. level
  5. attitude

Answer(s): A

Explanation:

Power and Legitimacy are part of the Stakeholder Salience Model - the third characteristic is Urgency.
See p. 138



Which of the following is an International Standard for Risk Management?

  1. ISO 22301
  2. ISO 27000
  3. ISO28000
  4. ISO31000

Answer(s): D

Explanation:

Risk Management = ISO31000. Learn the ISOs for the exam as it's a popular exam topic. 31000 is explained on p. 140. As well as the numbers, you should also learn the guiding principles of each ISO

for the exam.






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