ARM 401 - SEGMENT A STUDY GUIDE
Risk threshold - Answers -The range or amount of risk that is acceptable.
Sensor - Answers -A device that detects and measures stimuli in its environment.
Radio frequency identification (RFID) - Answers -A technology that uses radio
frequency to identify objects.
Artifical intelligence (AI) - Answers -Computer processing or output that simulates
human reasoning or knowledge.
Computer vision - Answers -A technology that simulates human vision.
Risk register - Answers -A tool developed at the risk owner level that links specific
activities, processes, projects, or plans to a list of identified risks and results of risk
analysis and evaluation and that is ultimately consolidated at the enterprise level.
Risk map - Answers -A template depicting the likelihood and potential
impact/consequences of risks.
Risk appetite - Answers -Amount of risk an organization is willing to take on in order to
achieve an anticipated result or return.
Inherent risk - Answers -The level of risk that would be faced if it were to remain
untreated or no action were to be taken to alter the level of risk.
Residual risk - Answers -The level of risk remaining after actions are taken to alter the
level of risk.
Optimum risk - Answers -The level of risk that is within an organization's risk appetite.
Risk control - Answers -A conscious act or decision not to act that reduces the
frequency and/or severity of losses or makes losses more predictable.
Energy transfer theory - Answers -An approach to accident causation that views
accidents as energy that is released and that affects objects, including living things, in
amounts or at rates that the objects cannot tolerate.
Technique of operations review (TOR) - Answers -An approach to accident causation
that view the cause of accidents to be a result of management's shortcomings.
Change analysis - Answers -An analysis that projects the effects a given system
change is likely to have on an existing system.
Risk threshold - Answers -The range or amount of risk that is acceptable.
Sensor - Answers -A device that detects and measures stimuli in its environment.
Radio frequency identification (RFID) - Answers -A technology that uses radio
frequency to identify objects.
Artifical intelligence (AI) - Answers -Computer processing or output that simulates
human reasoning or knowledge.
Computer vision - Answers -A technology that simulates human vision.
Risk register - Answers -A tool developed at the risk owner level that links specific
activities, processes, projects, or plans to a list of identified risks and results of risk
analysis and evaluation and that is ultimately consolidated at the enterprise level.
Risk map - Answers -A template depicting the likelihood and potential
impact/consequences of risks.
Risk appetite - Answers -Amount of risk an organization is willing to take on in order to
achieve an anticipated result or return.
Inherent risk - Answers -The level of risk that would be faced if it were to remain
untreated or no action were to be taken to alter the level of risk.
Residual risk - Answers -The level of risk remaining after actions are taken to alter the
level of risk.
Optimum risk - Answers -The level of risk that is within an organization's risk appetite.
Risk control - Answers -A conscious act or decision not to act that reduces the
frequency and/or severity of losses or makes losses more predictable.
Energy transfer theory - Answers -An approach to accident causation that views
accidents as energy that is released and that affects objects, including living things, in
amounts or at rates that the objects cannot tolerate.
Technique of operations review (TOR) - Answers -An approach to accident causation
that view the cause of accidents to be a result of management's shortcomings.
Change analysis - Answers -An analysis that projects the effects a given system
change is likely to have on an existing system.
