MORF MCQs
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MORF Exam Questions
M_o_R Foundation Risk Management Certification
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What provides a comparison of completed risk response actions with planned outcomes?
Risk management strategy
Risk improvement plan
Risk progress report
Risk response plan
Which is a purpose of 'embedding and reviewing' M_o_R?
Maximizing the return on investment in risk management
Assuring the appointment of risk owners
Ensuring the availability of appropriate techniques used in the risk management process steps
Reporting on the risk response plan'
Which is NOT a purpose of 'embedding and reviewing M_o_R'?
Assessing the implementation of risk management
Improving the risk culture of an organization
Reviewing risk descriptions as a result of changes to the context
Identifies the opportunities for updating existing risk management practices.
Identify the missing words in the following sentence. In order to safeguard value-creating
corporate governance
business continuity management
programme management
project management
Which describes 'residual' risk exposure?
Probability of a secondary risk occurring
Effect on objectives if a risk occurs after implementing risk response actions
Chance of a risk occurring before risk response actions commence
Proximity of a risk before risk response actions are completed
Which information from the risk register is used during the 'assess - evaluate' step to calculate the total risk exposure of an activity?
Identified risks resulting from a risk response action
Estimated likelihood of the risks occurring
Exposure of the risks after completion of risk responses
The timeframe in which the risks are likely to occur
Which is a responsibility of a 'risk actionee'?
Identify risks that might occur to activities in their department
Develop strategies to improve the management of risk
Manage all aspects of an assigned risk
Which is a purpose for an ???M_o_R health check????
Review how well risk management practices have been embedded
Examine future developments that may affect an organization's level of exposure to risk
Provide a snapshot of the current status of identified risks
Identify individuals or groups of individuals that have an interest in an organizations planned activity
Which describes the threat response option 'accept the risk'?
Perform an action to minimize the impact of the risk should it occur
Carry out an action to make the uncertain situation certain
Take no action except monitor the risk to ensure it remains tolerable
Partake in a pain/gain contract with another party for the specified risk
Which is identified by the use of the 'PESTLE' analysis technique?
Stakeholders involved in an activity
Roles and responsibilities of those involved in an activity
Factors that may impact the activity
Net effect of risks identified during an activity
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