RIMS-CRMP EXAM STUDY
GUIDE 2026
Benchmarking - 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 - ANSWER ✔✔The system of rules, practices
and processes by which a company is directed and controlled.
Enterprise Risk Management - 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 - 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) - ANSWER ✔✔As activity that
signals the achievement of organizational objectives, emphasize
opportunities and strategic objectives.
Key risk indicator (KRI) - ANSWER ✔✔designed to manage
downside risk. A measurement of how risk and volatility relate to
achieving organizational objectives,
PESTLE Analysis - ANSWER ✔✔PESTLE is an acronym for Political,
Economic, Social, Technology, Legal and Environmental and identifies
the categories utilized to analyze internal and external environments.
Other forms of the acronym include "PEST" and "PESTEL."
Risk - ANSWER ✔✔The effect of uncertainty on objectives.
Risk Appetite - ANSWER ✔✔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 - ANSWER ✔✔An organization's or individuals'
view/perspective of the perceived qualitative and quantitative value that
may be gained in comparison to the related potential loss or losses.
Risk Culture - ANSWER ✔✔The beliefs, values, norms and traditions
of behavior of individuals and groups within an organization that
GUIDE 2026
Benchmarking - 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 - ANSWER ✔✔The system of rules, practices
and processes by which a company is directed and controlled.
Enterprise Risk Management - 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 - 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) - ANSWER ✔✔As activity that
signals the achievement of organizational objectives, emphasize
opportunities and strategic objectives.
Key risk indicator (KRI) - ANSWER ✔✔designed to manage
downside risk. A measurement of how risk and volatility relate to
achieving organizational objectives,
PESTLE Analysis - ANSWER ✔✔PESTLE is an acronym for Political,
Economic, Social, Technology, Legal and Environmental and identifies
the categories utilized to analyze internal and external environments.
Other forms of the acronym include "PEST" and "PESTEL."
Risk - ANSWER ✔✔The effect of uncertainty on objectives.
Risk Appetite - ANSWER ✔✔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 - ANSWER ✔✔An organization's or individuals'
view/perspective of the perceived qualitative and quantitative value that
may be gained in comparison to the related potential loss or losses.
Risk Culture - ANSWER ✔✔The beliefs, values, norms and traditions
of behavior of individuals and groups within an organization that
