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Reliable Study ISO-31000-CLA Questions & New ISO-31000-CLA Test

  • Posted by zuz pop May 6, 2023 Filed in Technology #Reliable Study ISO-31000-CLA Questions  #New ISO-31000-CLA Test Sample  #ISO-31000-CLA Certification Sample Questions  #ISO-31000-CLA Latest Exam Price  #Valid Braindumps ISO-31000-CLA Free  6 views
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    The ISO 31000 - Certified Lead Risk Manager certification exam is a comprehensive assessment that covers all aspects of risk management, including risk identification, assessment, evaluation, treatment, and monitoring. The exam also covers the ISO 31000 standard, which is a globally recognized risk management framework that provides guidance on how organizations can effectively manage risk. The certification program aims to equip candidates with the necessary knowledge and skills to implement the ISO 31000 standard in their organizations and help them achieve their risk management objectives.

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    GAQM ISO 31000 - Certified Lead Risk Manager Sample Questions (Q36-Q41):

    NEW QUESTION # 36
    Which step is the last part of the risk assessment process, which started with risk identification then moved to risk assessment, and finally risk evaluation?

    • A. Risk avoidance
    • B. Risk evaluation
    • C. Risk outsourcing
    • D. Risk acceptance

    Answer: B

    Explanation:
    Explanation
    the last step of the risk assessment process, which starts with risk identification, moves to risk assessment, and finally risk evaluation, is Risk evaluation.
    Risk evaluation involves comparing the estimated level of risk against the risk criteria established during the risk assessment phase, to determine the significance of the risk and whether it is acceptable or not. This decision is made in consultation with stakeholders, who may provide additional context and information to inform the decision.
    The American Society for Quality (ASQ) describes risk evaluation as "the process of comparing an estimated risk against given risk criteria to determine the acceptability of the risk." [1] Similarly, ISO/IEC 27001:2013 (Information technology - Security techniques - Information security management systems - Requirements) defines risk evaluation as "the process of comparing the estimated risk against given risk criteria in order to determine the significance of the risk." [2] References: [1] ASQ Glossary - Risk evaluation, https://asq.org/quality-resources/risk-evaluation [2] ISO/IEC
    27001:2013, Clause 6.1.3(c), https://www.iso.org/standard/54534.html


    NEW QUESTION # 37
    A broker is undertaking a business interruption review on behalf of a client. This would most commonly include an evaluation of the

    • A. level of risk tolerance.
    • B. level of self insurance.
    • C. effectiveness of risk reserving.
    • D. effectiveness of a business continuity plan.

    Answer: D

    Explanation:
    Explanation
    A business interruption review is an evaluation of the effectiveness of a business continuity plan, which is a set of procedures and resources to ensure that an organisation can continue its critical functions in the event of a disruption12.


    NEW QUESTION # 38
    Which type of risk management technique does insurance belongs to?

    • A. Reduction
    • B. Sharing
    • C. Retention

    Answer: B

    Explanation:
    Explanation
    According to , page 16-17, insurance belongs to sharing technique which is "a way of transferring some or all financial consequences associated with a particular exposure". It involves paying a premium in exchange for compensation in case of loss.


    NEW QUESTION # 39
    ISO 31000:2018 offers a generic outline for the design of the risk management framework and process.

    • A. False
    • B. True

    Answer: B

    Explanation:
    Explanation
    ISO 31000:2018 offers a generic outline for the design of the risk management framework and process. ISO
    31000:2018 provides guidelines that can be adapted to any organization's situation and circumstances.


    NEW QUESTION # 40
    When defining the success measures for the organization's risk strategy, the risk management professional will include which of the following steps?

    • A. A review of the goals and objectives of the risk strategy
    • B. The development of timelines for implementing the risk strategy
    • C. An analysis of the organization's total cost of insurable risk
    • D. A selection of appropriate media for communicating the risk strategy

    Answer: A

    Explanation:
    Explanation
    A review of the goals and objectives of the risk strategy is part of defining the success measures for the organization's risk strategy1. This helps to ensure that the risk strategy aligns with the organization's purpose, vision, mission and values.


    NEW QUESTION # 41
    ......

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