RIMS CRMP ACTUAL EXAM 2025 UPDATE QUESTIONS AND CORRECT
VERIFIED ANSWERS ALREADY GRADED A+ (BRAND NEW VISION)
An effective way for a risk management professional to analyze operations of an organization is
to form a
A. Risk committee
B. Captive insurance company
C. Risk management department
D. Template to gather information - answersA. Risk committee
Before a decision is made, which of the following issues should ALWAYS be escalated to higher
level risk committees, management committees, or the Board?
A. Those that are important but lack critical information
B. Those that are overly complex and not well understood
C. Those that exceed the authority of the intended decision maker or decision-making body
D. Those that fall within the authority of the intended decision maker or decision-making body -
answersC. Those that exceed the authority of the intended decision maker or decision-making
body
Benchmarking - answersBenchmarking: 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 - answersCorporate governance: The system of rules, practices, and
processes by which a company is directed and controlled
,Enterprise risk management - answersEnterprise 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 - answersGap analysis: Comparison of an existing process or procedure (current
state-what is) to a desired, future state (what should be) in order to identify deficiencies or
excesses in the existing process (what to consider).
Key performance indicator (KPI) - answersKey performance indicator (KPI): Measure(s) of
deviations from expected outcomes to help a firm see how it is performing.
Key risk indicator (KRI) - answersKey risk indicator (KRI): Leading indicator(s) of risk to business
performance, giving early warning about potential risks.
Organizational Resilience - answersOrganizational Resilience: The ability of an organization to
absorb and adapt in a changing environment to enable it to deliver its objectives and to
survive and prosper.
PESTLE analysis - answersPESTLE analysis: PESTLE is an acronym for Political, Economic, Social,
Technological, Legal and Environmental and identifies the categories utilized to analyze
internal and external environments. Other forms of the acronym include "PEST" and
"PESTEL."
Risk - answersRisk: The effect of uncertainty on objectives
Risk appetite - answersRisk 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 - answersRisk attitude: An organization's or individual's view/perspective of the
perceived qualitative and quantitative value that may be gained in comparison to the related
potential loss or losses.
Risk culture - answersRisk 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 - answersRisk 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 - answersRisk governance: Encompasses the oversight, practices and
respective roles and responsibilities for risk within an organization's unique corporate
governance.
Risk management - answersRisk management: Coordinated activities to plan, direct, control
and make decisions concerning the effects of uncertainty on objectives.
Risk owner - answersRisk owner: An individual accountable for the identification, assessment,
treatment, and monitoring of risks in a specific environment.
Risk portfolio - answersRisk portfolio: A broad collection and range of uncertainties that can
affect an organization's future.
Risk tolerance - answersRisk tolerance: The amount of uncertainty an organization is prepared
to accept in total or more narrowly within a certain business unit, a particular risk category or
for a specific initiative.
Root cause - answersRoot cause: Underlying or initiating risk source or driver that produces
certain outcomes or changes the impact of an outcome or outcomes. Commonly used to
VERIFIED ANSWERS ALREADY GRADED A+ (BRAND NEW VISION)
An effective way for a risk management professional to analyze operations of an organization is
to form a
A. Risk committee
B. Captive insurance company
C. Risk management department
D. Template to gather information - answersA. Risk committee
Before a decision is made, which of the following issues should ALWAYS be escalated to higher
level risk committees, management committees, or the Board?
A. Those that are important but lack critical information
B. Those that are overly complex and not well understood
C. Those that exceed the authority of the intended decision maker or decision-making body
D. Those that fall within the authority of the intended decision maker or decision-making body -
answersC. Those that exceed the authority of the intended decision maker or decision-making
body
Benchmarking - answersBenchmarking: 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 - answersCorporate governance: The system of rules, practices, and
processes by which a company is directed and controlled
,Enterprise risk management - answersEnterprise 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 - answersGap analysis: Comparison of an existing process or procedure (current
state-what is) to a desired, future state (what should be) in order to identify deficiencies or
excesses in the existing process (what to consider).
Key performance indicator (KPI) - answersKey performance indicator (KPI): Measure(s) of
deviations from expected outcomes to help a firm see how it is performing.
Key risk indicator (KRI) - answersKey risk indicator (KRI): Leading indicator(s) of risk to business
performance, giving early warning about potential risks.
Organizational Resilience - answersOrganizational Resilience: The ability of an organization to
absorb and adapt in a changing environment to enable it to deliver its objectives and to
survive and prosper.
PESTLE analysis - answersPESTLE analysis: PESTLE is an acronym for Political, Economic, Social,
Technological, Legal and Environmental and identifies the categories utilized to analyze
internal and external environments. Other forms of the acronym include "PEST" and
"PESTEL."
Risk - answersRisk: The effect of uncertainty on objectives
Risk appetite - answersRisk 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 - answersRisk attitude: An organization's or individual's view/perspective of the
perceived qualitative and quantitative value that may be gained in comparison to the related
potential loss or losses.
Risk culture - answersRisk 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 - answersRisk 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 - answersRisk governance: Encompasses the oversight, practices and
respective roles and responsibilities for risk within an organization's unique corporate
governance.
Risk management - answersRisk management: Coordinated activities to plan, direct, control
and make decisions concerning the effects of uncertainty on objectives.
Risk owner - answersRisk owner: An individual accountable for the identification, assessment,
treatment, and monitoring of risks in a specific environment.
Risk portfolio - answersRisk portfolio: A broad collection and range of uncertainties that can
affect an organization's future.
Risk tolerance - answersRisk tolerance: The amount of uncertainty an organization is prepared
to accept in total or more narrowly within a certain business unit, a particular risk category or
for a specific initiative.
Root cause - answersRoot cause: Underlying or initiating risk source or driver that produces
certain outcomes or changes the impact of an outcome or outcomes. Commonly used to
