Free ISO-31000-CLA – ISO 31000 - Certified Lead Risk Manager Practice Test Question

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  People processes

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  Soft processes

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  Hard process

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  Quality analysis

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  Full accountability for risk controls and treatment

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  Solution offering

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  Decision making involves risk

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  Crisis management and process attributes

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  External

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  Vision

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  Internal

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  Dynamic

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  Functional

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  Integrated

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  Customized

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  Functional

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  Statistical

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  Design

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  Strategy

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  Architect the system

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  Design the system

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  Strategize the system

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  Implement the system

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  Assure the system

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  Organize the system

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  Claims costs will reduce

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  Controllability of risk will increase

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  Its short-term cash-flow position is likely to improve.

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  Staff training requirements will decrease.

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  Chief Risk Officer (CRO)

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  Chief Information Officer (CIO)

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  Quality Auditor (QA)

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  Risk Owner (RO)

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  human

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  computation

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  People

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  Process

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  Technology

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  Infrastructure

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  Budget allocation

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  Consensus building

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  Insurance placement

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  Monte Carlo simulation