Arm 401 exam Study guides, Class notes & Summaries

strategic risk - correct answer uncertainties associated with the organizations long term goals and management decisions operational risk - correct answer uncertainties associated with the organizations procedures, systems, and policies financial risk - correct answer uncertainties associated with the organizations financial activities facilitated workshops - correct answer a neutral party, who has no stake int he outcome or participation responsibilities, administers the risk w...

A risk map showing a large difference between inherent and residual risk indicates which one of the following? A. The risk is within the organization's risk appetite B. The current risk treatment is ineffective C. The current risk treatment is effective D. The risk does not need to be treated - C Lucas, a risk professional for Jones Incorporated, recently met with experts from the utility industry to discuss the potential loss of supply and risks to the infrastructure. Lucas must now d...

ARM 401 Exam Practice Rated 100% Correct 2023

ARM 401 Exam Questions with Correct Answers holistic approach to managing risk - Answer--broader in scope, managing all areas of the business, not just hazard risks -encompasses the analysis and predictability of business processes and organizational decisions -mandates the collaboration of internal and external stakeholders to identify, assess, and treat risks -involves looking at what might be gained from decisions or actions -can uncover inconsistencies in how a company managers loss ret...

ARM 401 Exam Practice QUESTIONS & ANSWERS 2023 ( A+ GRADED 100% VERIFIED)

ARM 401 Exam Practice | 428 Actual Questions and Answers Verified by Expert | Latest Update 2024

ARM 401 Exam Questions and Answers 100% Correct ARM 401 Exam Questions and Answers 100% Correct ARM 401 Exam Questions and Answers 100% Correct ARM 401 Exam Questions and Answers 100% Correct HAZOP Process Steps - ANSWER-1. Divide project/system into small components 2. Review components to identify risk 3. Identify cause and potential outcomes of risks 4. Develop solutions to risks 5. Ensure solutions work and reevaluate SWOT analysis (strengths, weaknesses, opportunities, thre...

ARM 401 Exam Questions and Answers All Correct What does the holistic approach to managing risk encompass? - Answer-Analysis and predictability of business processes and organizational decisions What is the premise of holistic risk management? - Answer-All business decisions and operations carry some risk What are the four quadrants of risk? - Answer-Hazard risk, Operational Risk, Strategic Risk, Financial Risk What is today's conception of risk? - Answer-The idea that taking risks is...

ARM 401 Exam Practice Rated 100% Correct 2023 A risk map showing a large difference between inherent and residual risk indicates which one of the following? A. The risk is within the organization's risk appetite B. The current risk treatment is ineffective C. The current risk treatment is effective D. The risk does not need to be treated C Lucas, a risk professional for Jones Incorporated, recently met with experts from the utility industry to discuss the potential loss of supply and r...