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CPCU 500 - Identifying And Analyzing Costly Risks 3.2 Questions And Answers With Verified Solutions 100% Correct!!! $9.99   Add to cart
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CPCU 500 - Identifying And Analyzing Costly Risks 3.2 Questions And Answers With Verified Solutions 100% Correct!!!
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CPCU 500 - Identifying And Analyzing Costly Risks 3.2 Questions And Answers With Verified Solutions 100% Correct!!!

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  • August 13, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • cpcu 500 identifying and analyzing costly risks
  • incorporating individuals from multiple areas of a
  • identify reasons its important to take a team ori
  • a neutral party who has no stake in the outcome o

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  • CPCU
  • CPCU

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CPCU 500 - Identifying And Analyzing
Costly Risks 3.2 Questions And Answers
With Verified Solutions 100% Correct!!!
Incorporating individuals from multiple areas of an organization into the risk
identification process can __________ - ANSWER✔✔ bring more risks to light as
well as reveal how those risks are interconnected


Effective team approaches to identifying risks include? - ANSWER✔✔ 1)
Facilitated workshops,


2) The Delphi technique,


3) Scenario analysis,


4) HAZOP (hazard and operability study),


5) SWOT (strengths, weaknesses, opportunities, and threats)


Identify reasons it's important to take a team-oriented approach to identifying
risks. - ANSWER✔✔ 1) Provide diverse perspectives on risks


2) It can also reveal how risks are connected across the organization, reducing the
likelihood that risks from those areas will be overlooked

, A neutral party, who has no stake in the outcome or participation responsibilities,
administers the risk workshop and propels the group to achieve its goal -
ANSWER✔✔ facilitated workshop


The neutral party in a facilitated workshop is know as? - ANSWER✔✔ the
facilitator


When risk management professionals meet with an organization's leaders, key
employees, and other stakeholders in a __________, the group discussion can
help identify risks in a dynamic way. The __________ should initiate a discussion
or brainstorming session that allows ideas to flow freely from participants. He or
she can then design __________ to encourage follow-up discussion and further
brainstorming. - ANSWER✔✔ facilitated workshop, facilitator, workshops


It's wise to include representatives from diverse groups in the organization during
facilitated workshops because discussion of the interconnectedness and
cascading effects of risks provides valuable information on risk levels and
priorities. The discussion can identify both __________ and __________ arising
from risks. The facilitated workshop technique can be used for a specific project
or process, as well as to identify those risks that affect __________ - ANSWER✔✔
opportunities, downsides, overall organizational objectives


If facilitated workshops are used to identify all organizational risks, the facilitator
must be skilled in __________ and __________ as well as __________ and be
prepared for a long-term project. If the facilitator is a consultant, he or she can
meet with the team at defined intervals after the team has worked independently
on identifying the risks in each of the risk quadrants. - ANSWER✔✔ risk
identification, management, group communication

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