EXAM BUNDLE RIMS CRMP (COMPLETE PACKAGE) Questions & Answers 100% Correct!

Risks - ANSWERThe 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 Enterprise Risk Management - ANSWERA strategic business discipline that su...

Benchmarking - ANSWERThe process of measuring the performance of an organization against external standards of reference that frequently come from similar organizations doing similar things. Corporate governance - ANSWERThe system of rules, practices and processes by which a company is directed a...

A business model is a set of assumptions about the? - ANSWERway an organization creates value What two analytical tools are particularly useful in analyzing the business model? - ANSWERValue chain analysis and benchmarking Risk management professionals conduct supply-chain analyses to identify...

What law authorized targeted case management? - ANSWERSection 1915 of Social Security Act It was implemented through... - ANSWERChapter 409, Florida Statutes and Chapter Caseload amount for recipients 17 or younger - ANSWER20 people or fewer per targeted case manager Caseload amount for rec...

Hardware Store has been able to control its prices and inventory since it has no competitors. A new highway currently being constructed is going to allow increased competition for Hardware Store. According to the quadrants of risk, this risk of increased competition falls into the category of - ANSW...

benefits of ERM in anticipating and responding to risks - ANSWER1. anticipate and recognize emerging risks 2. identify and manage cross-enterprise risks 3. minimize threats to achieving organizational goals 4. enhance risk-response decisions different impediments to successful implementation o...

The tendency of people to view events as being more predictable than they really are is referred to as - ANSWERHindsight The ______ bias is demonstrated when managers add up all the money already spent on a project and conclude it is too costly to simply abandon it. . - ANSWERSunk- Cost Bob w...

What is Risk Breakdown Structure (RBS)? - ANSWERIs an hierarchical representation of risks, starting from higher levels and going down to finer level risks. What are the impacts that risks have on a project? - ANSWERUncertain events or sets of circumstances that, if they occur, would affect the p...