RIMS-CRMP EXAM STUDY GUIDE | (complete
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Terms in this set (34)
Benchmarking The process of measuring the performance of an
organization against external standards of
reference that frequently come from similar
organizations doing similar things.
Corporate Governance The system of rules, practices and processes by
which a company is directed and controlled.
Enterprise Risk Management A strategic discipline that supports the
achievement of an organization's objectives by
addressing the full spectrum of its risk and
managing the combined impact of those risks as
an interrelated risk portfolio.
Gap Analysis Comparison of an existing process or procedure
to recognize standards in order to identify
deficiencies or excesses in the existing process.
Key performance indicator (KPI) As activity that signals the achievement of
organizational objectives, emphasize
opportunities and strategic objectives.
, Key risk indicator (KRI) designed to manage downside risk. A
measurement of how risk and volatility relate to
achieving organizational objectives,
PESTLE Analysis PESTLE is an acronym for Political, Economic,
Social, Technology, Legal and Environmental and
identifies the categories utilized to analyze
internal and external environments. Other forms
of the acronym include "PEST" and "PESTEL."
Risk The effect of uncertainty on objectives.
Risk Appetite The total exposed amount that an organization
wishes to undertake on the basis of risk return
trade-offs for one or more desired and expected
outcomes
Risk Attitude An organization's or individuals' view/perspective
of the perceived qualitative and quantitative
value that may be gained in comparison to the
related potential loss or losses.
Risk Culture The beliefs, values, norms and traditions of
behavior of individuals and groups within an
organization that determine the way in which they
identify, understand, discuss and act on the risk(s)
the organization confronts and takes.
Risk Champion Any person in an organization who is a leader
and influences peers regarding the value that risk
management adds to the organization.
Risk governance The architecture within which risk management
operates in a company
solutions) Exam| ASSURED SUCCESS |GRADE
A+!! |Questions & Answers 100% Verified 2026
latest update
Save
Terms in this set (34)
Benchmarking The process of measuring the performance of an
organization against external standards of
reference that frequently come from similar
organizations doing similar things.
Corporate Governance The system of rules, practices and processes by
which a company is directed and controlled.
Enterprise Risk Management A strategic discipline that supports the
achievement of an organization's objectives by
addressing the full spectrum of its risk and
managing the combined impact of those risks as
an interrelated risk portfolio.
Gap Analysis Comparison of an existing process or procedure
to recognize standards in order to identify
deficiencies or excesses in the existing process.
Key performance indicator (KPI) As activity that signals the achievement of
organizational objectives, emphasize
opportunities and strategic objectives.
, Key risk indicator (KRI) designed to manage downside risk. A
measurement of how risk and volatility relate to
achieving organizational objectives,
PESTLE Analysis PESTLE is an acronym for Political, Economic,
Social, Technology, Legal and Environmental and
identifies the categories utilized to analyze
internal and external environments. Other forms
of the acronym include "PEST" and "PESTEL."
Risk The effect of uncertainty on objectives.
Risk Appetite The total exposed amount that an organization
wishes to undertake on the basis of risk return
trade-offs for one or more desired and expected
outcomes
Risk Attitude An organization's or individuals' view/perspective
of the perceived qualitative and quantitative
value that may be gained in comparison to the
related potential loss or losses.
Risk Culture The beliefs, values, norms and traditions of
behavior of individuals and groups within an
organization that determine the way in which they
identify, understand, discuss and act on the risk(s)
the organization confronts and takes.
Risk Champion Any person in an organization who is a leader
and influences peers regarding the value that risk
management adds to the organization.
Risk governance The architecture within which risk management
operates in a company
