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Risk Management

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

Person or organization that can affect, be affected by, or perceive itself to be affected by a decision or activity.

a)

sponsor

b)

Stakeholder

c)

Interested party

d)

none of the above

2.

Refers to risks which arises when the implementation of the business does not go according to the business plan

a)

Technological Risk

b)

Compliance Risk

c)

Operational Risk

d)

Strategic Risk

3.

Risks that focuses or arises from the services we deliver for day to day or for less than a year.

a)

Compliance Risk

b)

Operational Risk

c)

Strategic Risk

d)

Technological Risk

4.

Refers to risks related to laws and regulations, company policies within which the organization operates.

a)

Compliance Risk

b)

Technological Risk

c)

Operational Risk

d)

Strategic Risk

5.

Deviation from our expectation: it could be positive or negative

a)

Risk Event

b)

Effect

c)

Cause

d)

Risk

6.

It is a FACT, thing that is true today

a)

Risk

b)

Cause

c)

Effect

d)

Risk Event

7.

Uncertain thing that may or may not happen

a)

Risl

b)

Cause

c)

Effect

d)

Risk Event

8.

Which of the following is not a cause?

a)

We don’t have budget for a new system/tool.

b)

It would help us become productive.

c)

Our laptop battery is defective.

d)

Employees are not aware of the Social Media Policy

9.

Which of the following is a risk event?

a)

There could be an accident (employees could get hurt)

b)

We don’t have budget for a new system/tool.

c)

We might not deliver our services on time.

d)

We would fail in achieving our SLA.

10.

Which of the following is not an effect?

a)

We might not deliver our services on time.

b)

We could lose our reputation.

c)

It would help us become productive.

d)

We would fail in achieving our SLA.