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GAQM ISO 31000 – Certified Lead Risk Manager Sample Questions (Q65-Q70):

NEW QUESTION # 65
Which of the following are two ISO 31000:2018 risk management principles? (Choose two)

• A. Functional
• B. Customized
• C. Strategy
• D. Statistical
• E. Integrated
• F. Design

Answer: B,E

Explanation:
Explanation
Integrated and customized are two of the nine risk management principles in ISO 31000:20181. Integrated means that risk management is an integral part of all organizational activities. Customized means that risk management is aligned with the organization’s external and internal context and risk profile.

NEW QUESTION # 66
Uncertainties may involve: (Choose two)

• A. The processed to know upcoming security issues
• B. Differing abilities among risk analysts
• C. Appointing security analyst
• D. The process used to conduct the risk analysis

Answer: B,D

Explanation:
Explanation
Uncertainties may involve the process used to conduct the risk analysis and differing abilities among risk analysts. These are examples of factors that can affect the quality and reliability of risk assessment1.

NEW QUESTION # 67
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 # 68
ISO 31000 is intended to be a family of standards relating to risk management codified by the ________.

• A. OpenDocument
• B. GlobalDocument
• C. OpenSource
• D. International Organization for Standardization

Answer: D

Explanation:
Explanation
According to 1, ISO 31000 is a family of standards relating to risk management codified by the International Organization for Standardization (ISO). It provides principles and guidelines on managing risks that could affect organizations.

NEW QUESTION # 69
Which of the following is an important aspect with stakeholders, customers, and interested parties is the essential element for maintaining the relevance of enhanced risk management within the structure of a changing context?

• A. Communication
• B. Brainstorming
• C. Session Storming
• D. Interviews

Answer: A

Explanation:
Explanation
Communication with stakeholders, customers, and interested parties is an essential element for maintaining the relevance of enhanced risk management within the structure of a changing context3. Communication helps to establish trust, transparency, accountability, and feedback mechanisms for risk management.

NEW QUESTION # 70
……

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