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Last Updated: Aug 24, 2026
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| Section | Objectives |
|---|---|
| Introduction to Risk Management | - Purpose and benefits of risk management - Basic risk concepts and terminology |
| Risk Response and Control | - Risk response options (avoid, reduce, transfer, accept) - Control selection and implementation |
| Risk Identification | - Risk sources and categories - Risk description techniques |
| MoR Principles and Approach | - Governance and embedding risk management - MoR framework overview |
| Risk Assessment | - Likelihood and impact evaluation - Risk prioritization methods |
| Risk Communication and Reporting | - Stakeholder communication - Risk reporting structures |
1. Which sub-steps are included in the 'assess' step?
A) Plan and evaluate
B) Context and risks
C) Estimate and evaluate
D) Context and estimate
2. Which is a responsibility of the M_o_R manager role?
A) Define risk tolerance thresholds
B) Defines how much risk should be taken
C) Ensures a risk review process is in operation
D) Prepares risk workshop materials
3. Which is a definition of a risk maturity model?
A) A framework of mature practices for appraising an organization's risk management competency
B) A self-assessment check that the principles have been applied well
C) An assessment of an organization's risk management practice
D) A tool for checking the health of current risk management
4. What document separately describes the steps required to implement risk management within an organization?
A) Risk management process guide
B) Business continuity plan
C) Risk management strategy
D) Risk management policy
5. Which is NOT described in the M_o_R risk management process guide?
A) Procedures for escalation and delegation between the different perspectives
B) Tools and techniques to support the risk management process steps
C) Templates, their purpose and locations
D) Roles and responsibilities for the process
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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