RIMS-CRMP EXAM|COMPLETE QUESTIONS WITH 100% RATED
EXPERT SOLUTIONS |2026 LATEST UPDATED
Six steps of implementing risk process - (answer)1. Identify risks and opportunities
2. Analyze risk
3. Evaluate risk
4. Consult and create risk solutions
5. Monitor risk
6. Advise on RM
What methods can be used to find and recognize risks? - (answer)1. Brainstorming
2. Checklists
3. Interview and self-assessment
4. Facilitated workshops
5. Risk questionnaires and surveys
6. Scenario analysis
7. Value chain analysis
8. System design review
9. Process analysis
,10. Benchmarking
What are the two steps of identifying risks and opportunities - (answer)1. Finding and
recognizing risks
2. Recording risks and opportunities using a risk register
What categories are considered when analyzing risks - (answer)1. Likelihood
2. Consequences
3. Timing
4. Duration
5. Vulnerability
6. Interdependencies
Qualitative RM analysis methods - (answer)- SWOT (Strengths, Weaknesses, Opportunities,
Threats
- PESTLE (Political, Economic, Sociological, Technical, Legal, Environmental)
- Risk matrix
- Decision tree
- Bowtie
,- Delphi
- Scenario
- Influence
- Threat modeling
- Vulnerability assessment
- Root cause
- HAZOP (Hazard and operability)
Quantitative RM analysis methods - (answer)- Monte Carlo
- Sensitivity analysis
- Probability
What are the five steps of evaluating risk - (answer)1. Combine results from analysis with
measures of risk appetite and tolerance levels
2. Establish definitions of what is significant to the org
3. Create thresholds to determine if risk appetite and tolerance have been exceeded or not yet met
4. Interpret results of risk analysis interdependencies among and between risks
5. Compile an enterprise risk profile
, What is an enterprise risk profile - (answer)A document or framework that IDs and analyzes the
various risks an org faces across all its activities and operations
What are the components of an enterprise risk profile - (answer)1. Risk ID
2. Risk assessment
3. Risk response
4. Control activities
5. Monitoring and reporting
What parts of an enterprise risk profile should be communicated - (answer)1. Risk assessment
2. Risk appetite
3. Risk tolerance
4. Control process
When should a risk treatment plan be developed - (answer)When consulting and creating risk
solutions
What is a risk treatment plan - (answer)A document that outlines strategies and actions to address
identified risks which aims to reduce likelihood or impact
EXPERT SOLUTIONS |2026 LATEST UPDATED
Six steps of implementing risk process - (answer)1. Identify risks and opportunities
2. Analyze risk
3. Evaluate risk
4. Consult and create risk solutions
5. Monitor risk
6. Advise on RM
What methods can be used to find and recognize risks? - (answer)1. Brainstorming
2. Checklists
3. Interview and self-assessment
4. Facilitated workshops
5. Risk questionnaires and surveys
6. Scenario analysis
7. Value chain analysis
8. System design review
9. Process analysis
,10. Benchmarking
What are the two steps of identifying risks and opportunities - (answer)1. Finding and
recognizing risks
2. Recording risks and opportunities using a risk register
What categories are considered when analyzing risks - (answer)1. Likelihood
2. Consequences
3. Timing
4. Duration
5. Vulnerability
6. Interdependencies
Qualitative RM analysis methods - (answer)- SWOT (Strengths, Weaknesses, Opportunities,
Threats
- PESTLE (Political, Economic, Sociological, Technical, Legal, Environmental)
- Risk matrix
- Decision tree
- Bowtie
,- Delphi
- Scenario
- Influence
- Threat modeling
- Vulnerability assessment
- Root cause
- HAZOP (Hazard and operability)
Quantitative RM analysis methods - (answer)- Monte Carlo
- Sensitivity analysis
- Probability
What are the five steps of evaluating risk - (answer)1. Combine results from analysis with
measures of risk appetite and tolerance levels
2. Establish definitions of what is significant to the org
3. Create thresholds to determine if risk appetite and tolerance have been exceeded or not yet met
4. Interpret results of risk analysis interdependencies among and between risks
5. Compile an enterprise risk profile
, What is an enterprise risk profile - (answer)A document or framework that IDs and analyzes the
various risks an org faces across all its activities and operations
What are the components of an enterprise risk profile - (answer)1. Risk ID
2. Risk assessment
3. Risk response
4. Control activities
5. Monitoring and reporting
What parts of an enterprise risk profile should be communicated - (answer)1. Risk assessment
2. Risk appetite
3. Risk tolerance
4. Control process
When should a risk treatment plan be developed - (answer)When consulting and creating risk
solutions
What is a risk treatment plan - (answer)A document that outlines strategies and actions to address
identified risks which aims to reduce likelihood or impact
