RISK - 2

Which of the following is not the risk management principle

• CORRALATED

• INTEGRATED

• STRUCTURED AND COMPREHENSIVE

• CUSTOMIZED

Which of the following is not the risk management principle

• INCLUSIVE

• SYNERGY

• BEST AVAILABLE INFORMATION

• DYNAMIC

The following is part of risk management principle except

• CONSIDER HUMAN CULTURE FACTOR

• CONTINUAL IMPROVEMENT

• TREND FORECAST

• DYNAMIC

The following is part of risk management framework except

• Control

• Integration

• Implimentation

• Design

The following is part of risk management framework except

• Evaluation

• Improvement

• Monitoring

• Leadership and commitment

Within the risk management framework, leadership of the organization needs to...

• Issue Statement or develop policy on Risk Management

• Assign role, authority and accountability at appropriate level for Risk Management

• Ensure resource are adequately allocated

• All are correct

Oversight body and top management is accountable for the following except:-

• Ensure and give assuarance that all information is accurate

• Ensure all system to manage risk are appropriate

• Adequately ensure risk is identified when setting the organization objectives

• Understand the risk faced by the organization in persuing the objectives

The integration process of the risk management framework requires the following except

• Depend on structure and context

  of the organization

• Risk management should be part of governance & strategy

• Risk management should be part of operation and objectives

• All are correct

When designing risk management framework the following need to be consider, except...

• Consider Internal and external context

• Establishing good communication and consultation

• Implement industry benchmarking

• Assigning roles, authorities, responsibilities and accountabilities

When implementing the risk management framework, the following need to be consider except...

• Develop appropriate Risk Management plan to include time and resources

• Ensure arrangement for managing risk is well understood and practice

• Identify when, how and whom decision with regards to Risk Management is made across the organization and modify when necessary

• All are correct