
Risk Management & RAC
Authored by Tan Nicholas
Specialty
Professional Development
Used 5+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
Which is NOT a Principle of Risk Management?
Integrate into Planning Phase
Integrate into Preparation & Execution Phase
Make Risk Acceptance
Cannot Accept Any Risk
Answer explanation
The correct choice is 'Cannot Accept Any Risk' as it goes against the principle of risk management which involves making risk acceptance decisions.
2.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
What is the Difference between Risk Management (RM) & Risk Assessment Checklist (RAC)?
It is a Top Down approach
No Difference
Both are the same
It is a Bottom Up approach
RM - Top Down
RAC - Bottom Up
Answer explanation
RM follows a Top Down approach, while RAC uses a Bottom Up approach. This highlights the correct choice of RM - Top Down and RAC - Bottom Up.
3.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
What is Step 1 of the 5 Steps in the Risk Management Process?
Assess Hazards
Develop Control Measures
Identify Hazards
Planning & Preparation
Answer explanation
Identify Hazards is Step 1 of the Risk Management Process, where potential risks are recognized and documented.
4.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
What is the Risk Assessment if the Hazard Severity is Marginal and Hazard Probability is Likely?
High
Low
Medium
Extremely High
Answer explanation
The Risk Assessment is Medium when Hazard Severity is Marginal and Hazard Probability is Likely.
5.
MULTIPLE SELECT QUESTION
20 sec • 10 pts
What are are the control measures and feedback given to the SSSO HQ/SMEs?
(More than 1 right answers)
Capture lessons learned during Action Learning Process
Effectiveness of control measures recommended in the RAW
Improve upon the RM process
How well the Risks has been Mitigated
6.
MULTIPLE SELECT QUESTION
20 sec • 10 pts
What are the Simplified 3-Steps in the Risk Assessment Worksheet (RAW)?
(More than 1 right answers)
Identify Hazards
Assess Hazards
Develop Control Measures
Implement Control Measures
Supervise & Evaluate Control Measures
Answer explanation
The Simplified 3-Steps in the Risk Assessment Worksheet (RAW) are to Identify Hazards, Develop Control Measures, and Implement Control Measures.
7.
MULTIPLE SELECT QUESTION
20 sec • 10 pts
What is the Purpose of Risk Assessment Checklist (RAC)?
(More than 1 right answers)
Foster Esprit de Corps
Foster Accountability & Commitment
Ground Feeback
Mitigate Risk
Identify Risk
Answer explanation
The purpose of Risk Assessment Checklist (RAC) is to foster Esprit de Corps, foster Accountability & Commitment, and ground feedback.
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