Risk Management (With error-free answers)

The first stages of Continuous Risk Management is: correct answers Planning The second stages of Continuous Risk Management is: correct answers Identification The third stages of Continuous Risk Management is: correct answers Analysis The fourth stages of Continuous Risk Management is: correct answers Response The last stage of Continuous Risk Management is: correct answers Monitoring and control The process of setting risk parameters and tolerances and planning the risk management cycle. correct answers Risk Planning The process of diagnosing the current exposure to risk; identifying risks and categorizing them. correct answers Risk Identification The process of systematically estimating and prioritizing risks. correct answers Risk Analysis The process of determining how to address each risk. correct answers Risk Response The process of ensuring risk responses adequately address risk and "residual risk." correct answers Risk Monitoring and Control Identify, analyze, and mitigate risks to organizational assets that could adversely affect the operation and delivery of services. correct answers Risk Management - Prepare for risk management - Establish risk parameters and focus - Identify risk - Analyze risk - Mitigate and control risk - Use risk information to manage resilience correct answers Risk Goals Three categories of RISK goals correct answers Preparation, Execution, Learning T/F: RISK is applied at the enterprise level, but not equal to enterprise risk management. correct answers True Characteristics of ________ risk: Failed internal processes Inadvertent or deliberate actions of people Problems with systems and technology External events (weather, socio-political) correct answers Operational Risk