RIMS-CRMP EXAM QUESTIONS WITH ANSWERS

RIMS-CRMP EXAM QUESTIONS WITH ANSWERS


A |business |model |is |a |set |of |assumptions |about |the |______



A. |financial |stability |of |an |organization

B. |organizational |structure |of |a |business

C. |products |and |services |past |performance

D. |way |an |organization |creates |value |- |CORRECT |ANSWER✔✔-D. |way |an |organization |creates |
value



What |two |analytical |tools |are |particularly |useful |in |analyzing |the |business |model? |



A. |Key |performance |indicators |and |total |cost |of |risk |

B. |Key |risk |indicators |and |gap |analysis |

C. |Pareto |analysis |and |root |cause |analysis |

D. |Value |chain |analysis |and |benchmarking |- |CORRECT |ANSWER✔✔-D. |Value |chain |analysis |and
|benchmarking




Risk |management |professionals |conduct |supply-chain |analyses |to |identify |_______________ |. |



A. |contingent |business |interruption |coverage |

B. |customer |technology |needs |

C. |international |regulatory |requirements |

D. |potential |vulnerabilities |to |the |organization |- |CORRECT |ANSWER✔✔-D. |potential |
vulnerabilities |to |the |organization

,Which |activity |does |the |risk |management |professional |perform |immediately |after |obtaining |
internal |and |external |information |about |the |organization? |



A. |analyze |the |information |

B. |organize |the |information |

C. |prioritize |the |information |

D. |report |the |information |- |CORRECT |ANSWER✔✔-B. |organize |the |information



Which |risk |identification |and |analysis |technique |should |a |risk |management |professional |use |in |
order |to |gather |information |from |multiple |departments |in |a |brainstorming |session |that |helps |
to |identify |shared |risks |within |an |organization? |



A. |checklists |

B. |flowcharts |

C. |workshops |

D. |questionnaires |- |CORRECT |ANSWER✔✔-C. |workshops



When |analyzing |an |organization's |value |chain, |which |of |the |following |would |be |considered |a |
primary |activity? |



A. |technological |development

B. |human |resources |management |

C. |infrastructure |management |

D. |outbound |logistics |- |CORRECT |ANSWER✔✔-D. |outbound |logistics



The |organization's |resources |and |internal |support |are |________ |the |risk |management |strategy.
|

, A. |adjustable |to |match |

B. |inputs |in |the |development |of |

C. |metrics |used |to |measure |the |value |of |

D. |outcomes |of |the |development |of |- |CORRECT |ANSWER✔✔-B. |inputs |in |the |development |of



When |defining |the |success |measures |for |the |organization's |risk |strategy, |the |risk |management |
professional |will |include |which |of |the |following |steps? |



A. |a |review |of |the |goals |and |objectives |of |the |risk |strategy |

B. |a |selection |of |appropriate |media |for |communicating |the |risk |strategy |

C. |an |analysis |of |the |organization's |total |cost |of |insurable |risk |

D. |the |development |of |timelines |for |implementing |the |risk |strategy |- |CORRECT |ANSWER✔✔-A.
|a |review |of |the |goals |and |objectives |of |the |risk |strategy




Which |of |the |following |BEST |guides |an |organization's |risk |management |decision-making |
process? |



A. |risk |financing |opportunities |

B. |risk |retention |levels |

C. |risk |strategy |approach |

D. |risk |treatment |options |- |CORRECT |ANSWER✔✔-C. |risk |strategy |approach



An |effective |risk |communication |strategy |requires |the |selection |of |appropriate |
_______________ |. |



A. |coaches |

B. |data |points |