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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$18.49
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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
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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
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:
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