RIMS - CRMP COMPLETE STUDY GUIDE QUESTIONS
AND ANSWERS 100% PASS |ALREADY GRADED A+|
VERIFIED AND UPDATED
mandate; training plan - correct answer-Value proposition of ERM:
There is a ___________ from C-suite and board of directors; A
_____________ exists to enable role performance
communication plan; resource support - correct answer-Value
proposition of ERM: A _____________ exists to keep players informed
and provide channels for issue resolution: ____________ has been or
will be secured to enable players to execute expected roles
How can managers make risk informed decisions that enable them to
succeed? - correct answer-Adapt risk management process to meet
operational area need; Focus discussions on organization objectives;
Develop a test case in a specific area
In what areas and activities can risk management professional give
advise? - correct answer-Strategy development and performance;
,Enterprise-wide or related areas, whether internal or external; Specific
operational and functional areas; Development of new initiatives; New
and evolving issues; Significant changes
What is the process of giving advice? - correct answer-Evaluate metrics
and reports; Gain insights into organizational performance; Validate
insights with key stakeholders; Develop recommendations;
Communicate recommendations
How to identify training needs? - correct answer-Identify required
performance or desired behavior; identify Gaps/needs; What are the
desired actual performance or behavior
What opportunity does risk management provide? - correct answer-An
opportunity to identify risks that can be exploited to benefit the
organization's mission and goals
An enterprise-wide risk management framework views risk within an
organization's: - correct answer-Unique strategy; Tolerance; Culture;
Decision Making; Governance
,How to validate whether the training programs are delivering what is
expected? - correct answer-Engaging others in feedback reviews;
Testing training in small groups
What does strategic risk management seeks to? - correct answer-Drive
deliberate and action regarding uncertainties and untapped
opportunities that affect an organization's strategy and strategy
execution
Risk Categorization - correct answer-helps assign accountability, allocate
resources, and ensure that the risk reports are more easily understood
by top management
How to match training and media for audience? - correct answer-
Message differs depending on the audience; Daily decision-making or
general awareness; High-level overview operational instruction or
general knowledge
, What actions could result to informed decisions that increase the
likelihood of long-term organizational success? - correct answer-
Building organizational risk competency; Aligning risk strategy to
corporate strategy; Embedding risk awareness and competency
throughout organizational functions and processes
What must risk leaders understand? - correct answer-Organizational
strategy and operations; Key strategic goals to define success;
Operational tactics that will be used to achieve strategic goals; Ways in
which risk will make or break mission accomplishment.
Key risk indicators - correct answer-metrics used by organizations to
provide an early signal of changes in risk exposures in various areas of
the enterprise
Identify risk; Analyze risk; Evaluate, select and implement responses;
Monitor results and revise - correct answer-Describe the risk process
Brainstorming; Checklists; Interview and self-assessment; Facilitated
workshops; Risk questionnaires and risk surveys; Scenario analysis;
AND ANSWERS 100% PASS |ALREADY GRADED A+|
VERIFIED AND UPDATED
mandate; training plan - correct answer-Value proposition of ERM:
There is a ___________ from C-suite and board of directors; A
_____________ exists to enable role performance
communication plan; resource support - correct answer-Value
proposition of ERM: A _____________ exists to keep players informed
and provide channels for issue resolution: ____________ has been or
will be secured to enable players to execute expected roles
How can managers make risk informed decisions that enable them to
succeed? - correct answer-Adapt risk management process to meet
operational area need; Focus discussions on organization objectives;
Develop a test case in a specific area
In what areas and activities can risk management professional give
advise? - correct answer-Strategy development and performance;
,Enterprise-wide or related areas, whether internal or external; Specific
operational and functional areas; Development of new initiatives; New
and evolving issues; Significant changes
What is the process of giving advice? - correct answer-Evaluate metrics
and reports; Gain insights into organizational performance; Validate
insights with key stakeholders; Develop recommendations;
Communicate recommendations
How to identify training needs? - correct answer-Identify required
performance or desired behavior; identify Gaps/needs; What are the
desired actual performance or behavior
What opportunity does risk management provide? - correct answer-An
opportunity to identify risks that can be exploited to benefit the
organization's mission and goals
An enterprise-wide risk management framework views risk within an
organization's: - correct answer-Unique strategy; Tolerance; Culture;
Decision Making; Governance
,How to validate whether the training programs are delivering what is
expected? - correct answer-Engaging others in feedback reviews;
Testing training in small groups
What does strategic risk management seeks to? - correct answer-Drive
deliberate and action regarding uncertainties and untapped
opportunities that affect an organization's strategy and strategy
execution
Risk Categorization - correct answer-helps assign accountability, allocate
resources, and ensure that the risk reports are more easily understood
by top management
How to match training and media for audience? - correct answer-
Message differs depending on the audience; Daily decision-making or
general awareness; High-level overview operational instruction or
general knowledge
, What actions could result to informed decisions that increase the
likelihood of long-term organizational success? - correct answer-
Building organizational risk competency; Aligning risk strategy to
corporate strategy; Embedding risk awareness and competency
throughout organizational functions and processes
What must risk leaders understand? - correct answer-Organizational
strategy and operations; Key strategic goals to define success;
Operational tactics that will be used to achieve strategic goals; Ways in
which risk will make or break mission accomplishment.
Key risk indicators - correct answer-metrics used by organizations to
provide an early signal of changes in risk exposures in various areas of
the enterprise
Identify risk; Analyze risk; Evaluate, select and implement responses;
Monitor results and revise - correct answer-Describe the risk process
Brainstorming; Checklists; Interview and self-assessment; Facilitated
workshops; Risk questionnaires and risk surveys; Scenario analysis;
