Exam (elaborations)

RIMS Certified Risk Management Professional - Federal (CRMP-FED) Exam Preparation: 50 Key Questions For Federal Risk Management Certification Questions And Answers With Verified Solutions ||New Update

8 views 1 purchase

Course
Rims crmp fed

Institution
Rims Crmp Fed

[Show more]

Preview 3 out of 16 pages

View example

Uploaded on November 5, 2024
Number of pages 16
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

rims certified risk management professional fede
1 what is the primary purpose of the crmp fed cer
2 what is the role of the risk management framewo
3 which federal regulation mandates information s

Institution Rims crmp fed
Course Rims crmp fed

classhub

Member since 7 months 27 documents sold

CA$26.85

Added

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

RIMS Certified Risk Management Professional -
Federal (CRMP-FED) Exam Preparation: 50 Key
Questions For Federal Risk Management
Certification Questions And Answers With
Verified Solutions ||New Update||
1. What is the primary purpose of the CRMP-FED certification?

Answer:

 The CRMP-FED certification validates a professional’s ability to
apply risk management principles and frameworks within the
context of federal government operations, ensuring compliance
with relevant federal regulations and enhancing risk governance
practices.

2. What is the role of the Risk Management Framework (RMF) in
federal agencies?

Answer:

 The RMF provides a structured process for managing risks related
to federal information systems, including identifying, assessing,
and mitigating cybersecurity and operational risks. It ensures
compliance with FISMA and other federal security guidelines.

3. Which federal regulation mandates information security for
federal agencies?

Answer:

,  FISMA (Federal Information Security Modernization Act)
mandates federal agencies to secure information systems and
conduct continuous risk assessments to protect sensitive
government data and infrastructure.

4. How does the NIST Cybersecurity Framework contribute to risk
management in federal agencies?

Answer:

 The NIST Cybersecurity Framework provides guidelines for
identifying, assessing, and managing cybersecurity risks in federal
agencies. It includes best practices for protecting sensitive data,
detecting cybersecurity incidents, and responding to and
recovering from security breaches.

5. What is the purpose of OMB Circular A-123 in federal risk
management?

Answer:

 OMB Circular A-123 provides guidance for federal agencies on
managing financial risks, internal controls, and enterprise risk
management (ERM) programs, ensuring effective and efficient
government operations and compliance with federal financial
regulations.

6. What does OMB Circular A-11 require from federal agencies in
terms of risk management?

Answer:

,  OMB Circular A-11 outlines how federal agencies must integrate
risk management practices into the budget formulation and
performance management processes. It emphasizes the importance
of assessing risks in budgeting and program planning to ensure
efficient resource allocation.

7. How does the Risk Register contribute to risk management in
federal agencies?

Answer:

 A Risk Register is a tool used to document identified risks, their
likelihood, impact, and mitigation strategies. It helps federal
agencies prioritize and track risks, ensuring effective management
and continuous monitoring of high-priority risks.

8. What is the purpose of business continuity planning in the context
of federal risk management?

Answer:

 Business continuity planning ensures that critical federal
operations can continue during and after a disruption or disaster,
minimizing the impact of emergencies such as natural disasters,
cyberattacks, or other unforeseen events on government functions.

9. What role does FEMA play in managing risks for federal
agencies?

Answer:

The benefits of buying summaries with Stuvia:

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

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

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 classhub. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$26.85. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 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

Exam (elaborations)

RIMS Certified Risk Management Professional - Federal (CRMP-FED) Exam Preparation: 50 Key Questions For Federal Risk Management Certification Questions And Answers With Verified Solutions ||New Update

Document information

Subjects

Written for

Seller

Reviews received

Content preview