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GAQM ISO-31000-CLA (ISO 31000 - Certified Lead Risk Manager) Exam is a valuable certification for anyone who wants to demonstrate their expertise in risk management. It is an internationally recognized certification that covers a comprehensive framework for managing risks in any organization. ISO 31000 - Certified Lead Risk Manager certification can lead to career advancement opportunities and demonstrate a commitment to ongoing professional development.
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The ISO-31000-CLA certification exam comprises 150 multiple-choice questions that must be completed within a duration of 3 hours. ISO-31000-CLA exam is conducted in a proctored environment, and candidates must score a minimum of 70% to pass the exam. ISO-31000-CLA exam covers various topics such as risk principles and framework, risk assessment, risk treatment, risk communication, and risk monitoring.
GAQM ISO 31000 - Certified Lead Risk Manager Sample Questions (Q21-Q26):
NEW QUESTION # 21
Hopkin states "most standard definitions of risk refer to risks being attached to corporate objectives". What is another important factor to consider when linking risk to an organisation?
- A. Core processes.
- B. Risk correlation.
- C. Hazard management.
Answer: A
Explanation:
Explanation
According to 1, page 11, core processes are "the activities that an organization performs in order to deliver its products or services". They are essential for achieving the organization's objectives and creating value for its stakeholders. Therefore, core processes should be considered when linking risk to an organization.
NEW QUESTION # 22
The risk management landscape has changed dramatically in recent history because of changes in all but which of the above?
- A. Technology
- B. Global warming
- C. Globalization
- D. Finance
Answer: B
Explanation:
Explanation
According to , page 3, some of the drivers for change in risk management landscape include technology (such as digitalization, automation, artificial intelligence), globalization (such as increased interdependence, complexity and diversity), finance (such as financial crises, regulations, standards) but not global warming.
NEW QUESTION # 23
Which two of the following are types Integrated Processes? (Choose two)
- A. People processes
- B. Hard process
- C. Quality analysis
- D. Soft processes
Answer: A,B
Explanation:
Explanation
People processes and hard processes are two types of integrated processes3. People processes involve human factors such as culture, values, ethics, and behavior that influence risk management. Hard processes involve technical aspects such as methods, tools, techniques, and systems that support risk management.
NEW QUESTION # 24
Which teams are composed of cross functional subject matter experts, risk experts, and process owners?
- A. Crisis management teams
- B. Crisis Information teams
- C. Project management teams
- D. Risk assessment teams
Answer: D
Explanation:
Explanation
Risk assessment teams are composed of cross functional subject matter experts, risk experts, and process owners. Risk assessment teams conduct risk assessments for specific areas or projects within the organization.
NEW QUESTION # 25
The ISO 31000:2018 process can be used to identify stakeholder risk requirements, needs, and expectations.
- A. False
- B. True
Answer: B
Explanation:
Explanation
The ISO 31000:2018 process can be used to identify stakeholder risk requirements, needs, and expectations4.
This is part of establishing the context for risk management, which involves defining the scope, objectives, criteria, roles and responsibilities for risk management.
NEW QUESTION # 26
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