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Risk Management Vocabulary

Shannon Anderson-Rush

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Operational Risk Management Process

Description

Quiz on Operational Risk Management Process , created by Laura Robinson on 02/10/2018.

Quiz by Laura Robinson, updated more than 1 year ago

	Created by Laura Robinson over 6 years ago

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Resource summary

Question 1

Question

What comes after the Identification stage of the risk management process?

Answer

Risk Monitoring
Risk Reporting
Risk Measurement
Risk Response

Question 2

Question

What is the first step of the Risk Management Process?

Answer

Operational Risk Policy
Risk Reporting
Risk Monitoring
Risk Identification

Question 3

Question

What is the purpose of risk management?

Answer

To eliminate all risk
Bring awareness to any risks
To avoid risks
To reduce the likelihood

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