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Which is a benefit of effective risk management?

  1. Activity plans are agreed before the activity commences
  2. Staff members are better prepared to respond to incidents
  3. Removes the organization's need to take risks
  4. Guarantees business benefits will be delivered

Answer(s): B



What is a 'central risk function'?

  1. A group with formal responsibility for supporting strategic risk management
  2. A group that may pose a risk to objectives through its opposition to plans
  3. A group responsible for approving the funding for risk management
  4. A group that acts on risks escalated from other perspectives

Answer(s): A



Which is a use of the risk management policy in the 'identify - context' step for an activity?

  1. Recording departures from the risk management process guide
  2. Identifying the activity-specific categories to be used for grouping risks
  3. Providing guidance on setting risk tolerance thresholds
  4. Defining the records to be used

Answer(s): C



Which effect on the organization's objectives could the PESTLE analysis technique help to identify

  1. Risk exposure trends
  2. Current external factors
  3. Long-term developments
  4. Internal strengths

Answer(s): B






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