What objectives are associated with decisions on risks to the achievement of long-term goals?

A. Strategic

B. Programme

C. Project

D. Operational

Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?

A. Implementing business strategy to improve organizational performance

B. Developing plans to improve the overall efficiency of the organization

C. Maintaining the appropriate levels of service delivery to new and existing customers

D. Delivering defined business change products within budget and on time

Which is a benefit of effective risk management?

A. Successful completion of all change activities

B. Organizations are better prepared to recover from unplanned incidents

C. Eliminates risk-taking within an organization

D. Guarantees business benefits will be delivered

What is the lack of senior management support a common barrier to?

A. Identifying key performance indicators

B. Developing a risk communications plan

C. Implementing the steps in the risk management process

D. Involving stakeholders in risk identification

Which is used to determine 'inherent' risk exposure?

A. Impact of a secondary risk if it occurs

B. Likelihood of a risk occurring after completed risk response actions

C. Effect on objectives if a risk occurs before starting to tackle risks

D. Proximity of a risk after implementation of risk response actions

What is an issue?

A. An uncertain event that may occur in the future

B. An outcome perceived as negative by one or more stakeholders

C. An intangible artefact produced as a result of a planned activity

D. A relevant event that has happened requiring management action

Which is a responsibility of the M_o_R senior team role?

A. Ensure adequate resources are available to implement the risk management strategy

B. Ensure an escalation process is in place

C. Maintain ownership of the risk management policy

D. Develop plans to improve risk management

What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour?

A. Informs decision-making

B. Facilitates continual improvement

C. Creates a supportive culture

D. Achieves measurable value

Which is a goal of the 'assess - evaluate' step?

A. Obtain information about the external factors that may affect the planned activity

B. Calculate the total risk exposure to the activity

C. Gather information about threats to the organization that may reduce the likelihood of the activity succeeding

D. Understand the organization's approach to managing risk

Which is identified by the use of the 'PESTLE' analysis technique?

A. Stakeholders involved in an activity

B. Roles and responsibilities of those involved in an activity

C. Factors that may impact the activity

D. Net effect of risks identified during an activity