RIMS-CRMP 2024 UPDATE ACTUAL EXAM QUESTIONS AND
VERIFIED ANSWERS
D. way an organization cre- ates
1. A business model is a set of assumptions about the value
A. financial stability of an organization
B. organizational structure of a business
C. products and services past performance
D. Value chain analysis and
D. way an organization creates value
benchmarking
2. What two analytical tools are particularly useful in
analyzing the business model?
A. Key performance indicators and total cost of risk
B. Key risk indicators and gap analysis
C. Pareto analysis and root cause analysis D. potential vulnerabilities to the
D. Value chain analysis and benchmarking organization
3. Risk management professionals conduct sup- ply-chain
analyses to identify .
A. contingent business interruption coverage
B. customer technology needs
C. international regulatory requirements
D. potential vulnerabilities to the organization
4. Which activity does the risk management profession- B. organize the information
al perform immediately after obtaining internal and external
information about the organization?
A. analyze the information
B. organize the information
, RIMS-CRMP 2024 UPDATE ACTUAL EXAM QUESTIONS AND
VERIFIED ANSWERS
C. prioritize the information
D. report the information
C. workshops
5. Which risk identification and analysis technique should a
risk management professional use in order to gather
information from multiple departments in a brainstorming
session that helps to identify shared risks within an
organization?
A. checklists
B. flowcharts
C. workshops
D. questionnaires
6. When analyzing an organization's value chain, which of the D. outbound logistics
following would be considered a primary activ- ity?
A. technological development
B. human resources management
C. infrastructure management
D. outbound logistics
7. The organization's resources and internal support are B. inputs in the develop-
the risk management strategy. ment of
A. adjustable to match
B. inputs in the development of
C. metrics used to measure the value of
D. outcomes of the development of
, RIMS-CRMP 2024 UPDATE ACTUAL EXAM QUESTIONS AND
VERIFIED ANSWERS
8. When defining the success measures for the organiza- A. a review of the goals and
tion's risk strategy, the risk management professional objectives of the risk strate-
will include which of the following steps? gy
A. a review of the goals and objectives of the risk strategy
B. a selection of appropriate media for communicat- ing the
risk strategy
C. an analysis of the organization's total cost of insur- able risk
D. the development of timelines for implementing the risk
strategy
9. Which of the following BEST guides an organization's risk
management decision-making process?
A. risk financing opportunities C. risk strategy approach
B. risk retention levels
C. risk strategy approach
D. risk treatment options
10. An effective risk communication strategy requires the C. media channels
selection of appropriate .
A. coaches
B. data points
C. media channels
D. metrics
11. Which of the following is considered a risk analysis D. Monte Carlo simulation
technique?
VERIFIED ANSWERS
D. way an organization cre- ates
1. A business model is a set of assumptions about the value
A. financial stability of an organization
B. organizational structure of a business
C. products and services past performance
D. Value chain analysis and
D. way an organization creates value
benchmarking
2. What two analytical tools are particularly useful in
analyzing the business model?
A. Key performance indicators and total cost of risk
B. Key risk indicators and gap analysis
C. Pareto analysis and root cause analysis D. potential vulnerabilities to the
D. Value chain analysis and benchmarking organization
3. Risk management professionals conduct sup- ply-chain
analyses to identify .
A. contingent business interruption coverage
B. customer technology needs
C. international regulatory requirements
D. potential vulnerabilities to the organization
4. Which activity does the risk management profession- B. organize the information
al perform immediately after obtaining internal and external
information about the organization?
A. analyze the information
B. organize the information
, RIMS-CRMP 2024 UPDATE ACTUAL EXAM QUESTIONS AND
VERIFIED ANSWERS
C. prioritize the information
D. report the information
C. workshops
5. Which risk identification and analysis technique should a
risk management professional use in order to gather
information from multiple departments in a brainstorming
session that helps to identify shared risks within an
organization?
A. checklists
B. flowcharts
C. workshops
D. questionnaires
6. When analyzing an organization's value chain, which of the D. outbound logistics
following would be considered a primary activ- ity?
A. technological development
B. human resources management
C. infrastructure management
D. outbound logistics
7. The organization's resources and internal support are B. inputs in the develop-
the risk management strategy. ment of
A. adjustable to match
B. inputs in the development of
C. metrics used to measure the value of
D. outcomes of the development of
, RIMS-CRMP 2024 UPDATE ACTUAL EXAM QUESTIONS AND
VERIFIED ANSWERS
8. When defining the success measures for the organiza- A. a review of the goals and
tion's risk strategy, the risk management professional objectives of the risk strate-
will include which of the following steps? gy
A. a review of the goals and objectives of the risk strategy
B. a selection of appropriate media for communicat- ing the
risk strategy
C. an analysis of the organization's total cost of insur- able risk
D. the development of timelines for implementing the risk
strategy
9. Which of the following BEST guides an organization's risk
management decision-making process?
A. risk financing opportunities C. risk strategy approach
B. risk retention levels
C. risk strategy approach
D. risk treatment options
10. An effective risk communication strategy requires the C. media channels
selection of appropriate .
A. coaches
B. data points
C. media channels
D. metrics
11. Which of the following is considered a risk analysis D. Monte Carlo simulation
technique?
