A-Levels 1. Introduction to Risk Management Karteikarten am Chapter 1, erstellt von helen_woolford am 06/05/2013.
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Erstellt von helen_woolford
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What is the IIA definition of risk?
In terms of the importance of RM, list some of the ways RM can help to manage an organisation?
In terms of the importance of RM, list some of the ways RM can help to manage changes in the marketplace?
What are the 8R's and 4T's of hazard risk management?
How does the RIMS define ERM?
What are the levels of sophistication?
What is considered as the fourth step in RM sophistication?
Draw a bow-tie representation for a fire
What is PACED?
What should risk management deliver?
What are the several stages of RM process?
Name three RM standards which have been produced?
What is RASP
Explain what the CoCo Framework is
A proactive approach to RM will achieve what for control risks?
By taken a proactive approach to RM, what will be achieved in terms of opportunity risks?
Hazard risk management is concerned with what?
What can risks be attached too?
Explain what the Objectives driven approach
A disadvantage of the objective-driven approach?
Explain the Dependencies driven approach in terms of attachment of risk?
What is the Risk definition from ISO 31000?
An advantages of using the dependency driven approach to risk
Explain the relationship between risk and reward
What is the Risk definition from the Institute of Risk Management?
Name the different types of risk and how an organisation should respond this them?
What does I mean if an organisation is considered risk adverse or risk aggressive?
To understand a risk what is needed for a detailed description so the risk can be understood, identified and ownership/responsibilities may be clearly understood?
What is inherent level of risk?
Explain risks classified in terms of timescales
In terms of risk classification system, what are the three categories?
What are the four P's
If a hazard risk is above the org's tolerance level what should be sought?
what is control management based on?
How does Risk Management allow hazard risk to be improved?
When is it not a good idea for an org to take proceed for an opportunity risk?
What is the ISO guide 73 and ISO 31000 definition of risk management?
What is the IRM definition of risk management?
