RIMS CRMP-Implementing the Risk Process Exam Questions With Correct Answers.

RIMS CRMP-Implementing the Risk Process Exam
Questions With Correct Answers


Risk |management |strategies' |general |focus |- |CORRECT |ANSWER✔✔-Meeting |or |exceeding |an |
organization's |objectives

Adhering |to |control-based |objectives, |rules |and/or |controls

Complying |with |regulatory |requirements



Communication |and |Consultation |- |CORRECT |ANSWER✔✔-Risk |management |professional's |
role |in |Implementing |Risk |Strategies



Risk |Identification |Process |- |CORRECT |ANSWER✔✔-Finding, |Recognizing |and |Recording |Risks



Risk |Analysis |- |CORRECT |ANSWER✔✔-The |process |of |characterizing |and |understanding |the |
nature |of |risk |and |of |considering |the |level |of |risk |in |the |context |of |the |organization's |
willingness |to |accept |risk.



Likelihood, |Consequences, |other |criteria |such |as |timing, |duration, |vulnerability |and |
interdependencies |- |CORRECT |ANSWER✔✔-Risk |is |typically |analyzed |on |the |basis |of



Bow |tie |analysis |- |CORRECT |ANSWER✔✔-hazard |analysis |technique |(cause |and |consequence)



Business |impact |analysis |- |CORRECT |ANSWER✔✔-consider |business |impacts |at |a |location |or |
from |a |specific |process



Influence |analysis/diagrams |- |CORRECT |ANSWER✔✔-identify |the |strength |of |influencing |
factors |and |help |determine |potential |weighting |for |consideration |during |the |risk |assessment |

, process. |Define |root |causes |for |major |risks, |define |the |chain |of |events |likely |in |a |scenario |and |
become |the |foundation |for |further |modeling.



Risk |Register |Analysis |- |CORRECT |ANSWER✔✔-compile |risk |into |a |risk |register |to |analyze |and |
manage |those |risks |in |an |organized |way, |typically |by |category.



Scenario |analysis |- |CORRECT |ANSWER✔✔-process |of |analyzing |possible |and |plausible |future |
events |by |considering |alternative |settings, |circumstances |and |outcomes. |It |provides |a |basis |for
|making |decisions |in |the |context |of |different |conditions.




Site |analysis |- |CORRECT |ANSWER✔✔-leaders |at |each |site |perform |an |assessment |by |analyzing |
and |evaluating |the |potential |risks |based |on |what |is |being |produced |at |the |site |and |its |
environmental |factors. |This |may |include |threat, |vulnerability |and |criticality |analyses.



Monte |Carlo |analysis |- |CORRECT |ANSWER✔✔-mathematical |technique |that |generates |random
|variables |for |modelling |risk |or |uncertainty |of |a |certain |system |(simulation). |The |random |


variables |or |inputs |are |modelled |on |the |basis |of |probability |distributions



Stress |analysis |- |CORRECT |ANSWER✔✔-a |form |of |simulation |used |to |determine |reactions |to |
different |situations. |Also |used |to |gauge |how |certain |stressors |will |affect |a |company |or |
industry.



Influence |diagrams, |scenario |analysis, |site |analysis, |SWOT |- |CORRECT |ANSWER✔✔-Examples |
of |qualitative |methodology |for |analyzing |data



Bowtie, |business |impact |analysis, |fault |tree, |cause/consequence |analysis |- |CORRECT |
ANSWER✔✔-Examples |of |combined |methodology |for |analyzing |data



Monte |Carlo, |stress |analysis |- |CORRECT |ANSWER✔✔-Examples |of |quantitative |methodology |
for |analyzing |data