QSS-Topic 4

________________ Is the probability or chance of something happening

• Consequent

• Likelihood

• Risk

• Detection

_________________ refers to the severity of the impact or outcome of an event that will affect the objective(s)

• Consequence

• Likelihood

• Risk

• Detection

The following are the principles of an effective risk management, EXCEPT:

• Integrated

• Inclusive

• Dynamic

• Power

To identify risks, we should refer to the clause _______ & _______ in ISO 9001:2015

• 4.1 & 4.3

• 4.3 & 4.4

• 4.1 & 4.2

• 4.2 & 4.3

The risk analysis can be done by using either ______________ or ____________ method.

• Qualitative & Descriptive

• Qualitative & Quantitative

• Quantitative & Descriptive

• Descriptive & Analitic

__________________ is made based on the results of the risk levels obtained from the analysis of the probability and severity.

• Risk evaluation

• Risk ranking

• Risk treatment

• Risk identification

Risk treatment can be categorise into these actions, EXCEPT:

• Avoid

• Reduce

• Re-evaluate

• Accept

Minimising the likelihood of the risk from happening and/or the severity of the loss after the risk occurs. This can be done through training, testing, controlling and changing management practice is refer to:

• Accept

• Transfer

• Avoid

• Reduce

Recording and reporting aim to, EXCEPT:

• Improve risk management activities

• Best practice

• Provide information for decision-making

• Communicate risk management activities and outcomes across the organisation

Accept Informed decision to take up a particular risk whereby the identified risk cannot be eliminated or avoided, or no treatment process can be done. In other words, accepting the loss or benefit of the gain from a risk when it occurs is refer to:

• Accept

• Avoid

• Reduce

• Transfer