RIMS-CRMP EXAM STUDY GUIDE
QUESTIONS WITH CORRECT
DETAILED ANSWERS
A business model is a set of assumptions about the -
correct answer- way an organization creates
value
A risk management professional advises management on
the status of key risks by - correct answer-
providing insights into the changing characteristics of a
risk
After validating the training curricula, a risk management
professional - correct answer- schedules and
conducts training.
Benchmarking - correct answer- 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 - correct answer- The
system of rules, practices and processes by which a
company is directed and controlled.
Enterprise Risk Management - correct answer-
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 - correct answer- Comparison of
an existing process or procedure to recognize standards in
order to identify deficiencies or excesses in the existing
process.
Key performance indicator (KPI) - correct answer-
As activity that signals the achievement of organizational
objectives, emphasize opportunities and strategic
objectives.
QUESTIONS WITH CORRECT
DETAILED ANSWERS
A business model is a set of assumptions about the -
correct answer- way an organization creates
value
A risk management professional advises management on
the status of key risks by - correct answer-
providing insights into the changing characteristics of a
risk
After validating the training curricula, a risk management
professional - correct answer- schedules and
conducts training.
Benchmarking - correct answer- 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 - correct answer- The
system of rules, practices and processes by which a
company is directed and controlled.
Enterprise Risk Management - correct answer-
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 - correct answer- Comparison of
an existing process or procedure to recognize standards in
order to identify deficiencies or excesses in the existing
process.
Key performance indicator (KPI) - correct answer-
As activity that signals the achievement of organizational
objectives, emphasize opportunities and strategic
objectives.
