100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
RIMS - CRMP COMPLETE STUDY GUIDE; 1 ANALYZE THE BUSINESS MODEL, 2 DEVELOPING ORGANIZATIONAL RISK STRATEGIES, 3 RIMS CRMP-IMPLEMENTING THE RISK PROCESS, 4 DEVELOPING ORGANIZATIONAL RISK MANAGEMENT COMPETENCY, 5 SUPPORTING DECISION MAKING , QUESTIONS AND AN $12.79   Add to cart
Quickly navigate to
Preview
  2.  
  3. RIMS-CRMP
  4.  
  5. RIMS-CRMP

Exam (elaborations)

RIMS - CRMP COMPLETE STUDY GUIDE; 1 ANALYZE THE BUSINESS MODEL, 2 DEVELOPING ORGANIZATIONAL RISK STRATEGIES, 3 RIMS CRMP-IMPLEMENTING THE RISK PROCESS, 4 DEVELOPING ORGANIZATIONAL RISK MANAGEMENT COMPETENCY, 5 SUPPORTING DECISION MAKING , QUESTIONS AND AN
 8 views  0 purchase
  • Course
  • RIMS-CRMP
  • Institution
  • RIMS-CRMP

RIMS - CRMP COMPLETE STUDY GUIDE; 1 ANALYZE THE BUSINESS MODEL, 2 DEVELOPING ORGANIZATIONAL RISK STRATEGIES, 3 RIMS CRMP-IMPLEMENTING THE RISK PROCESS, 4 DEVELOPING ORGANIZATIONAL RISK MANAGEMENT COMPETENCY, 5 SUPPORTING DECISION MAKING , QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

Preview 4 out of 42  pages

Document information

  • September 4, 2024
  • 42
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • rims crmp complete study guide 1 analyze the bu

Written for

  • RIMS-CRMP
  • RIMS-CRMP

Seller

avatar-seller
Performance

Reviews received

Content preview

RIMS - CRMP COMPLETE STUDY
GUIDE; 1 ANALYZE THE BUSINESS
MODEL, 2 DEVELOPING
ORGANIZATIONAL RISK STRATEGIES, 3
RIMS CRMP-IMPLEMENTING THE RISK
PROCESS, 4 DEVELOPING
ORGANIZATIONAL RISK MANAGEMENT
COMPETENCY, 5 SUPPORTING
DECISION MAKING , QUESTIONS AND
ANSWERS WITH SOLUTIONS 2024
RisksW-WANSWERWTheWeffectWofWuncertaintyWonWobjectives

TheWchanceWofWsomethingWhappeningWthatWwillWhaveWanWimpactWonWobjectives

BeingWpreparedWforWtheWworstWandWbeingWpoisedWtoWexploitWopportunitiesWasWtheyWareWdiscovered



EnterpriseWRiskWManagementW-
WANSWERWAWstrategicWbusinessWdisciplineWthatWsupportsWtheWachievementWofWanWorganization'sWobjecti

vesWbyWaddressingWtheWfullWspectrumWofWitsWrisksWandWmanagingWtheWcombinedWimpactWofWthoseWrisksW
asWanWinterrelatedWriskWportfolio.



SupportWFunction:WBusinessWcontinuityWandWcrisisWmanagementW-
WANSWERWRiskWidentification,WassessmentWandWcreationWofWemergencyWresponseWandWrecoveryWplansWr

elatedWtoWthreatsWorWhazardsWthatWmightWleadWtoWoperationalWdisruptions



AnalysisW-
WANSWERWAWsystematicWexaminationWandWevaluationWofWdataWorWinformationWbyWbreakingWitWintoWitsWco

mponentWpartsWtoWuncoverWtheirWrelationships.WAnWexaminationWofWdataWandWfactsWtoWuncoverWandWun
derstandWcause-effectWrelationships,WthusWprovidingWbasisWforWproblemWsolvingWandWdecisionWmaking.



ToWembedWriskWmanagementWinWbothWroutineWandWstrategicWdecision,WwhatWshouldWmanagersWbeWableW
toWrecognize?W-

,WANSWERWTheWtypeWofWdecisionWbeingWmade;WWhoWshouldWbeWincludedWinWtheWdecisionWmakingWproce
ss;WWhereWinWtheWprocessWdecisionsWareWbeingWmade



RiskWmanagementWstrategies'WgeneralWfocusW-
WANSWERWMeetingWorWexceedingWanWorganization'sWobjectives



AdheringWtoWcontrol-basedWobjectives,WrulesWand/orWcontrols

ComplyingWwithWregulatoryWrequirements



SupportWFunction:WInternalWAuditW-
WANSWERWRiskWidentification,WassessmentWandWtreatmentWthroughWauditWplansWwithWfocusWonWfraud,Wc

orruption,WregulatoryWnoncomplianceWand/orWmisrepresentationWrelatedWtoWtheWorganization'sWinternal
WcontrolWsystems,WfinancialWoperations,WfinancialWstatementsWandWreportingWasWwellWasWenterpriseWriskW

andWtheWorganization'sWriskWmanagementWframeworkWandWprocess.



WhatWstepsWcanWtheWriskWmanagementWprofessionalWtakeWtoWembedWriskWmanagementWinWdecisionWma
king?W-WANSWERWIncludeWriskWassessmentWinWplanningWprocess;WLeverageWcross-
functionalWriskWassessmentWteamWandWsubjectWmatterWexpertsWtoWidentifyWenterpriseWrisks;WConsiderWca
scadingWandWcumulativeWeffects



GapWAnalysisW-
WANSWERWTechniqueWthatWcanWbeWusedWtoWdetermineWwhatWstepsWmightWneedWtoWbeWtakenWtoWimprov

eWtheWorganization'sWcapacityWtoWmoveWfromWaWcurrentWstateWtoWaWdesiredWfutureWstate.



RiskWappetiteW-
WANSWERWTheWtotalWexposedWamountWthatWanWorganizationWwishesWtoWundertakeWonWtheWbasisWofWrisk-

returnWtrade-offsWforWoneWorWmoreWdesireWandWexpectedWoutcomes.



CommunicationWandWConsultationW-
WANSWERWRiskWmanagementWprofessional'sWroleWinWImplementingWRiskWStrategies




SupportWFunction:WLegalW-
WANSWERWRiskWidentification,WassessmentWandWtreatmentWofWrisksWrelatedWtoWtheWobligationWanWorganiz

ationWundertakesWandWtransfersWthroughWcontracting,WasWwellWasWitsWcomplianceWwithWapplicableWlawsW
andWregulatoryWobligations.

,WhatWareWtheWtypicalWfailuresWinWriskWmanagementWwhichWcanWbeWavoidedWifWitWisWembeddedWinWtheWd
ecisionWmakingWprocess?W-
WANSWERWProgramWnotWintegratedWintoWstrategyWorWitsWexecution;WFocusedWonWtheWwrongWrisks;WNotWe

xecutedWinWaWrepeatableWprocess;WRiskWmanagementWisWpracticedWinWaWsilo;WActivityWnotWviewedWasWbei
ngWvalueWadded



StrategicWPlanW-
WANSWERWDeterminesWthatWactionsWtheWorganizationWwillWtakeWatWanyWstageWofWtheWplanningWperiodWas

WcircumstancesWchange.




RiskWownerW-
WANSWERWTheWindividualWwhoWisWultimatelyWaccountableWforWensuringWthatWriskWisWmanagedWappropria

tely,WincludingWtheWimplementationWofWselectedWresponses.



RiskWIdentificationWProcessW-WANSWERWFinding,WRecognizingWandWRecordingWRisks



SupportWFunction:WComplianceW-
WANSWERWRiskWidentification,WassessmentWandWtreatmentWofWriskWrelatedWtoWregulationsWthatWmayWaffe

ctWtheWorganization'sWabilityWtoWoperateWinWitsWrespectiveWjurisdictions,WasWwellWasWactivitiesWthatWfallWw
ithinWitsWcomplianceWandWethicsWprograms.



ToWsuccessfullyWintegrateWriskWmanagementWintoWdecisionWmaking,WriskWmanagementWprofessionalsWwill
WrelyWonWstrategiesWthatWdrawWonWpersonalWandWtechnicalWskillsWinW-

WANSWERWBuildingWorganizationalWawareness;W.WDifferentiatingWtheWdifferentWtypesWofWdecisionsWusedWi

nWvaryingWsituationsWusingWelementsWofWdecisionWquality;WPerformingWvariousWrolesWinWtheWtakingWriskWi
ntoWaccountWinWdecision-makingWprocess



StrategyW-
WANSWERWAWcompleteWplanWofWactionWforWwhateverWsituationsWmightWariseWinWachievingWanWorganizatio

n'sWgoalsWwithinWtheWestablishedWtime.



RiskWtoleranceW-
WANSWERWTheWamountWofWuncertaintyWanWorganizationWisWpreparedWtoWacceptWinWtotalWorWmoreWnarro

wlyWwithinWaWcertainWbusinessWunit,WaWparticularWriskWcategoryWorWforWaWspecificWinitiative.

, StrategicWRiskWManagementW-
WANSWERWAWbusinessWdisciplineWthatWdrivesWdeliberationWandWactionWregardingWuncertaintiesWandWunta

ppedWopportunitiesWthatWaffectWanWorganization'sWstrategyWandWstrategicWexecution.



ValueWChainW-
WANSWERWTheWseriesWofWfunctions,Wprocesses,WmaterialsWandWactivitiesW(inputs)WfromWconceptWtoWtheW

eventualWendWuserWthatWcreatesWandWbuildsWvalueWatWeveryWstepWinWorderWtoWdeliverWaWproductWorWserv
ice.



ToWbuildWorganizationalWawareness,WtheWriskWmanagementWprofessionalWneedsWtoWdoWtheWfollowing:W-
WANSWERWBeWaWpersuasiveWcommunicatorWandWfacilitator;WHaveWaWclearWcommunicationWplan;WEngageW

interestedWparties,WincludingWprimaryWandWsecondaryWaudiences;WDemonstrateWthatWriskWmanagementW
createsWtheWmostWvalueW;WDevelopWfeedbackWloopsWforWcontinuousWlearning



RiskWAnalysisW-
WANSWERWTheWprocessWofWcharacterizingWandWunderstandingWtheWnatureWofWriskWandWofWconsideringWth

eWlevelWofWriskWinWtheWcontextWofWtheWorganization'sWwillingnessWtoWacceptWrisk.



SupportWFunction:WSafetyW-
WANSWERWRiskWidentification,WassessmentWandWtreatmentWofWrisksWfocusedWonWpreservingWtheWphysicalW

well-beingWofWemployeesWandWthirdWparties.



Likelihood,WConsequences,WotherWcriteriaWsuchWasWtiming,Wduration,WvulnerabilityWandWinterdependenci
esW-WANSWERWRiskWisWtypicallyWanalyzedWonWtheWbasisWof



SupportWFunction:WInformationWSecurityW-
WANSWERWRiskWIdentification,WassessmentWandWtreatmentWofWriskWarisingWourWofWorWaffectingWinformati

onWandWtechnologyWinfrastructure.



ToWbuildWorganizationalWawareness,WriskWmanagementWcreatesWtheWmostWvalueWwhenW-
WANSWERWRiskWmanagementWAlignsWwithWstrategicWgoals;WTakesWcorporateWcultureWintoWaccount;WInvolv

esWkeyWenterpriseWfunctions



FinancialWStatementsW-
WANSWERWInternalWsourceWofWinformationWthatWincludesWfinancialWanalyticsWorWprojections

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Performance. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.79. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78637 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.79
  • (0)
  Add to cart