Risk - 5

Risk assessment involved the following process except...

• Risk identification

• Risk mitigation

• Risk evaluation

• Risk analysis

Risk likelihood is defined as

• chance and probability of something happening

• outcome of an event affecting objectives

• the criteria of risk within the risk management process

• No correct answers

Risk consequences is define as....

• chance of something happening

• Probability x Impact

• outcome of an event affecting objectives

• None of the above

The following is part of risk treatment accept...

• Terminate

• Preventive

• Reduce

• Accept

The following is part of risk control except...

• Preventive

• Directive

• Detective

• Corrective

The organization risk appettite is define as....

• The amount and type of risk that an organization is willing to take in order to meet their objectives.

• The probability of an organization to accept the risk

• the organization risk impact to its operation

• The ability of the organization to mitigate the risk

Which of the following is the method to transfer risk...

• Establishing policy and proceedure

• Subsrcibing to an Insurance policy

• Increase monitoring and reporting frequency for risk

• Establish clear, role, responsability, authority and accountability for risk management

Which of the following is not a detective control

• Conduct an audit for processes

• Intalling a fire and smooke detector alarm

• conduct and awareness training on risk detecting

• System abilty to trigger error message for overwrite / duplicate file

Which of the following is not a preventive control

• Establishing policy and procedure

• provide awareness training

• correcting or reworks on defect goods

• communicate and consult with the relevent stakeholder on quality issues

The following is the method used to reduce the likelyhood of certain risk occurence except

• Use appropriate PPE when performing hazardous task

• Conduct routine preventive maintenance

• Install safety barier for all flamable/explosive installation

• constant monitoring and detecting any small defect on oil and gas platform