ISO 31000 - Certified Lead Risk Manager
Last Update Sep 24, 2023
Total Questions : 100
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A risk management professional advises management on the status of key risks by
A risk management professional advises management on the status of key risks by providing insights into the changing characteristics of a risk3. This helps to monitor and review the effectiveness of risk management activities and communicate any changes in risk levels or priorities.
Hopkin states “most standard definitions of risk refer to risks being attached to corporate objectives”. What is another important factor to consider when linking risk to an organisation?
According to 1, page 11, core processes are “the activities that an organization performs in order to deliver its products or services”. They are essential for achieving the organization’s objectives and creating value for its stakeholders. Therefore, core processes should be considered when linking risk to an organization.
Which of the following documents information are relevant to the organization’s risk management framework, process, and system?
Recording and reporting documents information that are relevant to the organization’s risk management framework, process, and system2. These activities help to provide evidence, feedback, learning, and improvement for risk management.