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GAQM ISO-31000-CLA is an internationally recognized certification that is designed to assess the ability of professionals to manage risks in organizations. As the name suggests, it is an ISO 31000 certified lead risk manager credential that validates the knowledge and skills of candidates in the risk management domain. The certification is offered by the Global Association for Quality Management (GAQM), a leading provider of professional certifications.

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GAQM ISO 31000 - Certified Lead Risk Manager Sample Questions (Q71-Q76):

NEW QUESTION # 71
Relying on historic analysis when assessing potential risks and possible impacts implies that

A. management believe that the future will behave much like the past.
B. all significant risks can be confidently analysed.
C. should adverse events occur, the impact can be accurately modelled.

Answer: A

Explanation:
Explanation
According to 1, page 19, historic analysis is "a method of risk identification based on past data". It assumes that past patterns and trends will continue in the future, which may not always be true.

NEW QUESTION # 72
What is the role of risk management in the strategic planning process?

A. Challenge the decisions made.
B. Develop risk treatment plans.
C. Identify threats and opportunities.
D. Draft the decisions to be made.

Answer: C

Explanation:
Explanation
According to , page 7-8, one of the roles of risk management in the strategic planning process is to identify threats and opportunities that could affect the organization's objectives and performance.

NEW QUESTION # 73
Which of the following is a major challenge in implementing the ISO 31000:2018 risk management framework?

A. Design framework boundaries
B. Improvement framework boundaries
C. Scoping framework boundaries
D. Strategic framework boundaries

Answer: C

Explanation:
Explanation
Scoping framework boundaries is a major challenge in implementing the ISO 31000:2018 risk management framework. Scoping framework boundaries involves defining the scope of application of risk management within the organization's context, structure, and objectives.

NEW QUESTION # 74
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?

A. ISO 9001:2015
B. ISO 31000:2018
C. ISO 27001:2013
D. ISO 14001:2018

Answer: B

Explanation:
Explanation
ISO 31000:2018 consists of risk management principles, framework, and process that have been adopted as a national risk management standard by more than 60 countries . It provides guidelines on managing any type of risk faced by organizations.

NEW QUESTION # 75
Risk management takes human and cultural factors into account.

A. False
B. True

Answer: B

Explanation:
Explanation
Risk management takes human and cultural factors into account . 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.

NEW QUESTION # 76
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