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Risk Management & RAC

Authored by Tan Nicholas

Specialty

Professional Development

Used 4+ times

Risk Management & RAC
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

Which is NOT a Principle of Risk Management?

Integrate into Planning Phase

Integrate into Preparation & Execution Phase

Make Risk Acceptance

Cannot Accept Any Risk

Answer explanation

Media Image

The correct choice is 'Cannot Accept Any Risk' as it goes against the principle of risk management which involves making risk acceptance decisions.

2.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

What is the Difference between Risk Management (RM) & Risk Assessment Checklist (RAC)?

It is a Top Down approach

No Difference

Both are the same

It is a Bottom Up approach

RM - Top Down

RAC - Bottom Up

Answer explanation

Media Image

RM follows a Top Down approach, while RAC uses a Bottom Up approach. This highlights the correct choice of RM - Top Down and RAC - Bottom Up.

3.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

What is Step 1 of the 5 Steps in the Risk Management Process?

Assess Hazards

Develop Control Measures

Identify Hazards

Planning & Preparation

Answer explanation

Media Image

Identify Hazards is Step 1 of the Risk Management Process, where potential risks are recognized and documented.

4.

MULTIPLE CHOICE QUESTION

20 sec • 10 pts

What is the Risk Assessment if the Hazard Severity is Marginal and Hazard Probability is Likely?

High

Low

Medium

Extremely High

Answer explanation

Media Image

The Risk Assessment is Medium when Hazard Severity is Marginal and Hazard Probability is Likely.

5.

MULTIPLE SELECT QUESTION

20 sec • 10 pts

What are are the control measures and feedback given to the SSSO HQ/SMEs?

(More than 1 right answers)

Capture lessons learned during Action Learning Process

Effectiveness of control measures recommended in the RAW

Improve upon the RM process

How well the Risks has been Mitigated

6.

MULTIPLE SELECT QUESTION

20 sec • 10 pts

What are the Simplified 3-Steps in the Risk Assessment Worksheet (RAW)?

(More than 1 right answers)

Identify Hazards

Assess Hazards

Develop Control Measures

Implement Control Measures

Supervise & Evaluate Control Measures

Answer explanation

Media Image

The Simplified 3-Steps in the Risk Assessment Worksheet (RAW) are to Identify Hazards, Develop Control Measures, and Implement Control Measures.

7.

MULTIPLE SELECT QUESTION

20 sec • 10 pts

What is the Purpose of Risk Assessment Checklist (RAC)?

(More than 1 right answers)

Foster Esprit de Corps

Foster Accountability & Commitment

Ground Feeback

Mitigate Risk

Identify Risk

Answer explanation

The purpose of Risk Assessment Checklist (RAC) is to foster Esprit de Corps, foster Accountability & Commitment, and ground feedback.

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