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RIMS CRMP EXAM QUESTIONS WITH 100% CORRECT ANSWERS 2024
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RIMS CRMP EXAM QUESTIONS WITH 100% CORRECT ANSWERS 2024
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RIMS CRMP EXAM QUESTIONS WITH 100% CORRECT ANSWERS 2024Risks - Correct Answer-The effect of uncertainty on objectives
The chance of something happening that will have an impact on
objectives
Being prepared for the worst and being poised to exploit opportunities as they are discovered
Risk management strategies' general focus - Correct Answer-
Meeting or exceeding an organization's objectives
Adhering to control-based objectives, rules and/or controls
Complying with regulatory requirements
Communication and Consultation - Correct Answer-Risk management professional's role in Implementing Risk Strategies
Risk Identification Process - Correct Answer-Finding, Recognizing and Recording Risks Risk Analysis - Correct Answer-The process of characterizing and understanding the nature of risk and of considering the level of risk in the context of the organization's willingness to accept risk.
Likelihood, Consequences, other criteria such as timing, duration, vulnerability and interdependencies - Correct Answer-
Risk is typically analyzed on the basis of
Bow tie analysis - Correct Answer-hazard analysis technique (cause and consequence)
Business impact analysis - Correct Answer-consider business impacts at a location or from a specific process
Gap analysis - Correct Answer-determine steps to improve the organization's capacity to move from a current state to a desired, future state. (current available factors, success factors needed to achieve future desired objectives, highlighting the gaps)
Root Cause Analysis - Correct Answer-multiple techniques designed to identify the underlying or initiating risk sources or drivers. (fault tree analysis, event tree analysis, failure mode and effect analysis and cause-and-effect analysis - fish bone diagram)
Influence analysis/diagrams - Correct Answer-identify the strength of influencing factors and help determine potential weighting for consideration during the risk assessment process. Define root causes for major risks, define the chain of events likely in a scenario and become the foundation for further modeling.
Risk Register Analysis - Correct Answer-compile risk into a risk register to analyze and manage those risks in an organized way,
typically by category.
Scenario analysis - Correct Answer-process of analyzing possible
and plausible future events by considering alternative settings, circumstances and outcomes. It provides a basis for making decisions in the context of different conditions.
Site analysis - Correct Answer-leaders at each site perform an assessment by analyzing and evaluating the potential risks based on what is being produced at the site and its
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