Free MORF – Management of Risk Foundation Practice Test Question

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  Events that have already occurred

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  Organizational risk appetite and capacity

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  Risk management practices within an organization

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  Threats and opportunities
  

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  strategic

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  programme

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  project

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  operational
  

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  strategic

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  project

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  programme

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  operational
  

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  Having a board-level sponsor defined and communicated to all staff

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  Undertaking qualitative and quantitative assessment of risks

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  Communicating risk management successes

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  Having risk delivery linked to performance objectives
  

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  Lack of a high-risk appetite at senior management level

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  Lack of an appropriate response to a risk in an activity's risk register

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  Lack of an assigned risk owner

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  Lack of policies, processes, strategies and plans
  

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  Calculating when an identified risk is likely to occur

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  Ranking the importance of the stakeholders involved in the activity

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  Ensuring that all participants agree on the identified risks

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  Developing an appropriate response to the identified risks
  

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  Enabling organizations to benchmark their current risk management capability

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  Checking the state of current risk management

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  Identifying areas where application of risk management can be improved

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  Carrying out an enterprise wide assessment
  

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  Choose appropriate actions to deal with risks

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  Set the risk tolerance of an activity

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  Agree the timing of the risk communications plan

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  Understand an activity's pre-response risk exposure
  

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  Obtain information about the external factors that may affect the planned activity

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  Calculate the total risk exposure to the activity

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  Gather information about threats to the organization that may reduce the likelihood of the activity succeeding

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  Understand the organization's approach to managing risk
  

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  register

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  management strategy

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  progress report

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  response plan