MORF - Management of Risk Foundation

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Example Questions

What may be recorded in the risk register during the 'identify - risks' step? Which step has a goal of checking the success of risk responses? Which is NOT a reason for carrying out an `M_o_R health check? What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour? Which is a responsibility of the M_o_R senior team role? Which is identified by the use of the 'PESTLE' analysis technique? Which is a use of a risk management maturity model? What risk management specialism is focused on ensuring an organization keeps operating following an incident? Which is recorded in the risk register in the 'identify - risks' step? Which is identified by use of the 'SWOT analysis' technique? What is a threat? Which statement describes the 'avoid a threat' risk response option? Identify the missing words in the following sentence. Actions to [ ? ] are the source of secondary risks. Which is a purpose of using a risk maturity model? Which is used to review how well an organization has embedded M_o_R? Which technique can be used to clarify potential sources of risks across an activity? Which document describes how risk management activities will support the achievement of corporate objectives throughout an organization? Which is a responsibility of the senior team role? Which is NOT a use of the 'horizon scanning' technique? Which is a common barrier to implementing the risk management process? What step is used to determine the likelihood of a risk occurring? Which is NOT a recommended risk response option for an 'opportunity'? Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities? Which information from the risk register is used during the 'assess - evaluate' step to calculate the total risk exposure of an activity? Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process. What is a 'central risk function'? Which effect on the organization's objectives could the PESTLE analysis technique help to identify Which is a goal of the 'plan' process step? Which BEST describes an area of uncertainty at the strategic perspective? Which is a purpose for carrying out an 'M_o_R health check'? What is the purpose of using an M_o_R'health check'? Which BEST describes the 'reduce the threat' risk response option? Which describes the threat response option 'accept the risk'? Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective? What is an opportunity? What is the goal of the 'assess - estimate' step? Which is a purpose of the risk management process guide? Identify the missing word in the following sentence. Applying the 'aligns with objectives' principle at the [ ? ] perspective ensures risk management is responsive to changes to objectives that meet shareholder needs, reputation and demand for services. What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making? Which is a goal of the 'assess - evaluate' step? Which defines an'MoR health check'? What document provides a record of the risks identified for a particular activity? Which is used in the calculation of 'inherent' risk exposure? Which is a method for obtaining senior management commitment and support for understanding and managing risk? How is the risk progress report used in the 'implement' step? Which is used to determine 'inherent' risk exposure? What document separately describes the steps required to implement risk management within an organization? Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that the identification of risks is thorough. Which is NOT a use of the 'SWOT analysis' technique? What provides a comparison of completed risk response actions with planned outcomes?

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