Introduction To Risk Management

according to ISO 31000:2018, it is the "effect of uncertainty

on objectives".

• Likelihood

• Risk

• Risk Management

• Consequences

the state, even partial, of deficiency of information related to, understanding or knowledge of, an event, its consequence or likelihood

• RISK

• RISK MANAGEMENT

• EFFECT

• UNCERTAINTY

deviation from the expected,

either positive or negative

• RISK

• RISK MANAGEMENT

• EFFECT

• UNCERTAINTY

In Swiss Cheese Illustration of Risk, what is the meaning of the "HOLE" in cheese?

• Organization Defense

• Weaknesses

• Risk

• Consequence

Risk management is coordinated activity to ________ and ________ an organization with regards to risk.

• effect and uncertainty

• monitor and measure

• review and update

• direct and control

Among the Principle of Risk Management, which deals about the emerging changes in organization's external and internal changes?

• Continual Improvement

• Dynamic

• Human and Cultural factors

• Customized

Among the Framework of Risk Management, which deals about the Periodic measurement of Risk Management framework performance

• Evaluation

• Improvement

• Design

• Integration

True of False

Risk Management is customized to the needs of the organization.

• True

• False

In Risk Management process, which requires to "promote awareness & understanding of risk"?

• Communication

• Consultation

In Risk Management process, which requires "involvement in obtaining feedback & information to support decision making"?

• Communication

• Consultation