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Which is a responsibility of the senior team role?

  1. Approve assessments of risk probability, impact and proximity
  2. Specify the required budget to fund risks
  3. Document the importance of risk management towards achieving organizational objectives
  4. Agree the timing of risk progress reports for an activity

Answer(s): C



Which is a common barrier to implementing the risk management process?

  1. Lack of a high-risk appetite at senior management level
  2. Lack of an appropriate response to a risk in an activity's risk register
  3. Lack of an assigned risk owner
  4. Lack of risk facilitation resources and time

Answer(s): D



What may be recorded in the risk register during the 'identify - risks' step?

  1. The probability and impact of an identified risk
  2. An action required to mitigate an identified risk
  3. A risk description expressed as a cause, event and effect
  4. The risk actionee for an identified risk response

Answer(s): C



Which is a benefit of effective risk management?

  1. Successful completion of all change activities
  2. Eliminates risk-taking within an organization
  3. Improves the chances of organizational changes being successful
  4. Guarantees business benefits will be delivered

Answer(s): C






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