GAQM ISO-31000-CLA ISO 31000 - Certified Lead Risk Manager Exam Practice Test

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Total 100 questions
Question 1

Risk management is a strategic management process.



Answer : A

Risk management is a strategic management process2. Risk management helps organizations to align their objectives, strategies, and actions with their external and internal environment.


Question 2

Which element is often the biggest challenge in risk implementation?



Answer : A

Human element is often the biggest challenge in risk implementation. Human element involves overcoming resistance to change, engaging stakeholders, building trust and commitment, and fostering a positive risk culture.


Question 3

Risk management takes human and cultural factors into account.



Answer : A

Risk management takes human and cultural factors into account1. Human factors include perception, judgment, behavior, and communication that influence risk management. Cultural factors include values, beliefs, norms, and expectations that shape the organization's risk culture.


Question 4

Which of the following is a process with inputs, activities, and outcomes?



Answer : A

Risk management is a process with inputs, activities, and outcomes1. The inputs are the organization's context and risk criteria. The activities are risk identification, analysis, evaluation, and treatment. The outcomes are improved decision making, performance, and resilience.


Question 5

Which of the followingis a process with inputs, activities, and outcomes?



Answer : D

Risk management is a process with inputs, activities, and outcomes1. The inputs are the organization's context and risk criteria. The activities are risk identification, analysis, evaluation, and treatment. The outcomes are improved decision making, performance, and resilience.


Question 6

The accuracy and reliability of the risk assessment should be identified as clearly as possible.



Answer : A

The accuracy and reliability of the risk assessment should be identified as clearly as possible1. This helps to communicate the level of confidence in the risk assessment results and to inform decision-making.


Question 7

Uncertainties may involve: (Choose two)



Answer : A, C

Uncertainties may involve the process used to conduct the risk analysis and differing abilities among risk analysts.These are examples of factors that can affect the quality and reliability of risk assessment1.


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Total 100 questions