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RIMS-CRMP Exam Latest Updated.
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RIMS-CRMP Exam Latest UpdatedA business model is a set of assumptions about the ______
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A. financial stability of an organization
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B. organizational structure of a business
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C. products and services past performance
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D. way an organization creates value - answer-D. way an organization creates value
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What two analytical tools are particularly useful in analyzing the business model?
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A. Key performance indicators and total cost of risk
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B. Key risk indicators and gap analysis
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C. Pareto analysis and root cause analysis
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D. Value chain analysis and benchmarking - answer-D. Value chain analysis and
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benchmarking
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Risk management professionals conduct supply-chain analyses to identify
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_______________ .
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A. contingent business interruption coverage
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B. customer technology needs
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C. international regulatory requirements
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D. potential vulnerabilities to the organization - answer-D. potential vulnerabilities to the
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organization
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Which activity does the risk management professional perform immediately after
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obtaining internal and external information about the organization?
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A. analyze the information
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B. organize the information
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C. prioritize the information
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D. report the information - answer-B. organize the information
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Which risk identification and analysis technique should a risk management professional
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use in order to gather information from multiple departments in a brainstorming session
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that helps to identify shared risks within an organization?
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A. checklists
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B. flowcharts
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C. workshops
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, D. questionnaires - answer-C. workshops
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When analyzing an organization's value chain, which of the following would be
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considered a primary activity?
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A. technological development
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B. human resources management
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C. infrastructure management
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D. outbound logistics - answer-D. outbound logistics
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The organization's resources and internal support are ________ the risk management
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strategy.
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A. adjustable to match
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B. inputs in the development of
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C. metrics used to measure the value of
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D. outcomes of the development of - answer-B. inputs in the development of
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When defining the success measures for the organization's risk strategy, the risk
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management professional will include which of the following steps?
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A. a review of the goals and objectives of the risk strategy
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B. a selection of appropriate media for communicating the risk strategy
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C. an analysis of the organization's total cost of insurable risk
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D. the development of timelines for implementing the risk strategy - answer-A. a review
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of the goals and objectives of the risk strategy
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Which of the following BEST guides an organization's risk management decision-
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making process? b b
A. risk financing opportunities
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B. risk retention levels
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C. risk strategy approach
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D. risk treatment options - answer-C. risk strategy approach
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An effective risk communication strategy requires the selection of appropriate
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_______________ .
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A. coaches
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B. data points
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C. media channels
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D. metrics - answer-C. media channels
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Which of the following is considered a risk analysis technique?
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A. budget allocation
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