RIMS-CRMP EXAM STUDY GUIDE ( Latest 2024 / 2025 ) Actual Questions and Answers 100% Correct
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Course
RIMS-CRMP
Institution
RIMS-CRMP
RIMS-CRMP EXAM STUDY GUIDE ( Latest 2024 / 2025 ) Actual Questions and Answers 100% Correct
1. Benchmarking
Answer: The process of measuring the performance of an organization against external
standards of reference that frequently come from similar organizations doing similar things.
2. Corp...
1. Benchmarking
Answer: The process of measuring the performance of an organization against external
standards of reference that frequently come from similar organizations doing similar things.
2. Corporate Governance
Answer: The system of rules, practices and processes by whicha company is directed and
controlled.
3. Enterprise Risk Management
Answer: A strategic discipline that supports the achievement of an organization's objectives
by addressing the full spectrum of its risk andmanaging the combined impact of those risks as
an interrelated risk portfolio.
4. Gap Analysis
Answer: Comparison of an existing process or procedure to recognizestandards in order to
identify deficiencies or excesses in the existing process.
5. Key performance indicator (KPI)
Answer: As activity that signals the achievement oforganizational objectives, emphasize
opportunities and strategic objectives.
6. Key risk indicator (KRI)
Answer: designed to manage downside risk. A measurement ofhow risk and volatility relate to
achieving organizational objectives,
7. PESTLE Analysis
Answer: PESTLE is an acronym for Political, Economic, Social, Technology, Legal and
Environmental and identifies the categories utilized to analyze internal and external
environments. Other forms of the acronym include "PEST" and"PESTEL."
8. Risk
Answer: The effect of uncertainty on objectives.
9. Risk Appetite
Answer: The total exposed amount that an organization wishes to under-take on the basis of
risk return trade-offs for one or more desired and expected outcomes
10. Risk Attitude
Answer: An organization's or individuals' view/perspective of the perceived qualitative and
quantitative value that may be gained in comparison to therelated potential loss or losses.
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