100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
RMIN 5100S Exam 1 - UGA, Brown Questions and Answers | Latest Update | 2024/2025 | Already Passed $9.68
Add to cart

Exam (elaborations)

RMIN 5100S Exam 1 - UGA, Brown Questions and Answers | Latest Update | 2024/2025 | Already Passed

 5 views  0 purchase
  • Course
  • RMIN 5100S
  • Institution
  • RMIN 5100S

RMIN 5100S Exam 1 - UGA, Brown Questions and Answers | Latest Update | 2024/2025 | Already Passed What is the function of a risk register? A risk register is a tool used to document and track identified risks, their potential impacts, and the measures taken to manage them. What does ri...

[Show more]

Preview 3 out of 23  pages

  • September 4, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • RMIN 5100S
  • RMIN 5100S
avatar-seller
SterlingScores
RMIN 5100S Exam 1 - UGA, Brown
Questions and Answers | Latest Update |
2024/2025 | Already Passed
What is the function of a risk register?


✔✔ A risk register is a tool used to document and track identified risks, their potential impacts,

and the measures taken to manage them.




What does risk prioritization involve?


✔✔ Risk prioritization involves ranking risks based on their potential impact and likelihood to

focus resources on the most critical risks.




What is risk acceptance in risk management?


✔✔ Risk acceptance involves acknowledging the existence of a risk and deciding to take no

action, often due to the low impact or cost of mitigation.




How is enterprise risk management different from traditional risk management?


✔✔ Enterprise risk management takes a holistic approach to managing risks across an entire

organization, integrating risk management into strategic planning and decision-making.




1

,What is risk mitigation?


✔✔ Risk mitigation refers to the process of implementing strategies and actions to reduce the

severity or likelihood of a risk.




What is residual risk?


✔✔ Residual risk is the remaining risk after implementing risk management measures, which

still needs to be monitored and managed.




What does risk communication involve?


✔✔ Risk communication involves sharing information about risks and risk management

strategies with stakeholders to ensure transparency and informed decision-making.




What is the purpose of scenario analysis in risk management?


✔✔ Scenario analysis is used to evaluate the potential impact of different risk scenarios and

assess how various strategies might perform under those scenarios.




What is risk transfer through contractual agreements?


✔✔ Risk transfer through contractual agreements involves shifting the financial responsibility

for certain risks to another party via contracts, such as indemnity clauses.

2

, What is risk tolerance level?


✔✔ Risk tolerance level refers to the maximum amount of risk an organization is willing to take

in pursuit of its objectives, based on its capacity and strategy.




What does risk management framework refer to?


✔✔ A risk management framework is a structured approach to identifying, assessing, and

managing risks within an organization, often including policies, processes, and tools.




What is risk analysis used for?


✔✔ Risk analysis is used to evaluate the nature, likelihood, and potential impact of risks to

determine their significance and prioritize responses.




What is the role of risk control measures?


✔✔ Risk control measures are actions or strategies implemented to prevent or reduce the impact

of risks, such as safety protocols or financial controls.




What is risk strategy development?




3

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 SterlingScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.68. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53022 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
$9.68
  • (0)
Add to cart
Added