Which of the following consists of risk management principles, framework, and process that have been adopted as a national risk management standard by more than 60 countries?
Who is expected to take a more focused oversight role with respect to risk management control and governance process?
The organization's resources and internal support are ________ the risk management strategy.
Answer : B
according to page 15 of source 3, the development of a risk management strategy takes into account the organization's resources and internal support. These resources include factors such as human, capital, and technological resources; organizational structure, culture, and governance; communication and consultation mechanisms; and support from senior management and leadership. These inputs have an impact on the feasibility and effectiveness of the risk management strategy.
Which management can be used in varied and complex settings?
Relying on historic analysis when assessing potential risks and possible impacts implies that
New definition of risk under ISO 31000 and 31010 is:
Answer : D
According to ISO/IEC Guide73 (2009), clause 1., risk is defined as ''the effect of uncertainty on objectives''. This definition applies to both ISO/IEC Guide73 (2009) and ISO31000 (2018), which are standards for risk management terminology and principles respectively.
The accuracy and reliability of the risk assessment should be identified as clearly as possible.