ARM 401 Correct Questions And Answers(Latest Update 2023)
strategic risk - ANSWER uncertainties associated with the organizations long term goals and management decisions operational risk - ANSWER uncertainties associated with the organizations procedures, systems, and policies financial risk - ANSWER uncertainties associated with the organizations financial activities facilitated workshops - ANSWER a neutral party, who has no stake int he outcome or participation responsibilities, administers the risk workshop and propels the group to achieve its goal delphi technique - ANSWER uses opinions of a select group of experts to identify risks scenario analysis - ANSWER identifies risks and predicts the potential consequences of those specific risks HAZOP - ANSWER a team of subject matter experts and stakeholders identifies the risks associated with a given process and recommends a solution primarily used to design complex, scientific systems such as those used in engineering, chemical, mechanical, electronic, and computer operations. SWOT analysis - ANSWER strengths, weaknesses, opportunities, and threats this is a team approach thats useful in analyzing a new project or product
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