Risk - 3

The organization should define the scope of its risk management activities. The scopes represent risk at.....

• Strategic, operational, programme, project and other activities

• location, situation and condition

• Equipment, calibration, and tracibility

• no correct answer

In risk management for ISO 31000, defining the CONTEXT is about....

• Understanding the organization leadership philosophy

• Understanding the organization Enterprise Risk Management (ERM)

• Understanding the internal and external environmental factor

• None is correct

Defining the RISK CRITERIA in risk management is about....

• Profiling of risk identified and to mitigate its effect

• Defining criterias to evaluate the significance of risk and to support decision making process

• Risk identification and treatment

• Risk communication and consultation

Which of the following is an external factor

• Statutory and regulatory requirement

• mission and vision

• Strategy

• Business model

Which of the following is an internal factor

• Strategy & policies

• Business Associates

• Public

  officials

• Location and sectors