Arm 401 2024 exam - Study guides, Class notes & Summaries

ARM 401 Practice Exam Questions and Verified Answers (2024 / 2025) 100% Guarantee Pass

ARM 401 Exam Practice Questions and Answers (2024 / 2025) (Verified Answers)

ARM 401 2024 Exam Questions with Correct Answers HAZOP Process Steps - Answer-1. Divide project/system into small components 2. Review components to identify risk 3. Identify cause and potential outcomes of risks 4. Develop solutions to risks 5. Ensure solutions work and reevaluate SWOT analysis (strengths, weaknesses, opportunities, threats) - Answer-A SWOT analysis is useful when there is a specific goal, such as determining whether engaging in a new product or project is feasible. It's...

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A risk map showing a large difference between inherent and residual risk indicates which one of the following? A. The risk is within the organization's risk appetite B. The current risk treatment is ineffective C. The current risk treatment is effective D. The risk does not need to be treated - C Lucas, a risk professional for Jones Incorporated, recently met with experts from the utility industry to discuss the potential loss of supply and risks to the infrastructure. Lucas must now dec...

ARM 401 Exam Practice with actual questions and answers 2024