STQM Chapters 4-5 2025/2026 Exam
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Risk management - 🧠ANSWER ✔✔The identification, assessment, and
prioritization of risks followed by coordinated and economical application of
resources to minimize, monitor, and control the probability and/or impact of
unfortunate events; a coordinated set of activities and methods that is used
to direct an organization and to control the many risks that can affect its
ability to achieve objectives; the systematic application of management
policies, procedures and practices to the tasks of establishing the context,
identifying, analyzing, evaluating, treating, monitoring, and communicating
risk.
, Risk Analysis - 🧠ANSWER ✔✔The process that involves identifying the
most probable threats to an organization and analyzing the related
vulnerabilities of the organization to these threats.
Risk Assessment - 🧠ANSWER ✔✔The process that involves evaluating
existing security and controls and assessing their adequacy relative to the
potential threats of the organization; the process that identifies the
likelihood and impact of each risk, and a threat matrix is a common method
used to do this.
Risk Evaluation - 🧠ANSWER ✔✔The process used to determine risk
management priorities by comparing the level of risk against predetermined
standards, target risk levels or other criteria.
Establish the objectives - 🧠ANSWER ✔✔What is the first thing to do when
creating a risk management plan?
Risk management plan objectives - 🧠ANSWER ✔✔Includes a list of threats,
a list of vulnerabilities, costs associated with risks, a list of
recommendations to reduce the risks, costs associated with
recommendations, a cost-benefit analysis (CBA), and one or more reports.
Questions and Detailed Answers | Get it
100% Correct Answers
Risk management - 🧠ANSWER ✔✔The identification, assessment, and
prioritization of risks followed by coordinated and economical application of
resources to minimize, monitor, and control the probability and/or impact of
unfortunate events; a coordinated set of activities and methods that is used
to direct an organization and to control the many risks that can affect its
ability to achieve objectives; the systematic application of management
policies, procedures and practices to the tasks of establishing the context,
identifying, analyzing, evaluating, treating, monitoring, and communicating
risk.
, Risk Analysis - 🧠ANSWER ✔✔The process that involves identifying the
most probable threats to an organization and analyzing the related
vulnerabilities of the organization to these threats.
Risk Assessment - 🧠ANSWER ✔✔The process that involves evaluating
existing security and controls and assessing their adequacy relative to the
potential threats of the organization; the process that identifies the
likelihood and impact of each risk, and a threat matrix is a common method
used to do this.
Risk Evaluation - 🧠ANSWER ✔✔The process used to determine risk
management priorities by comparing the level of risk against predetermined
standards, target risk levels or other criteria.
Establish the objectives - 🧠ANSWER ✔✔What is the first thing to do when
creating a risk management plan?
Risk management plan objectives - 🧠ANSWER ✔✔Includes a list of threats,
a list of vulnerabilities, costs associated with risks, a list of
recommendations to reduce the risks, costs associated with
recommendations, a cost-benefit analysis (CBA), and one or more reports.
