Risk Management Concepts, 2026 – Study Material and Practice
Questions
The process of determining potential risks that could affect an organization's ability to achieve
its objectives is called: - ANS✔✔ Risk identification
The process of evaluating discovered risks to understand their potential impact and likelihood is
referred to as: - ANS✔✔ Risk assessment
Which of the following answers refers to a risk assessment method based on need, typically
conducted in response to specific events or changes, such as after a major organizational
change or a security breach? - ANS✔✔ Ad hoc
Which of the answers listed below refers to an example of recurring risk assessment? - ANS✔✔
Quarterly or annual risk assessments
Which of the following answers refers to a risk assessment conducted for a specific purpose or
project, without plans for regular reassessment (e.g., risk assessment for a new product
launch)? - ANS✔✔ One-time
Which of the answers listed below refers to an example of continuous risk assessment? -
ANS✔✔ Real-time monitoring of network security threats
Assessment of risk probability and its impact based on subjective judgment falls into the
category of: - ANS✔✔ Qualitative risk assessment
A calculation of SLE(Single Loss Expectancy) is an example of: - ANS✔✔ Quantitative risk
assessment
Questions
The process of determining potential risks that could affect an organization's ability to achieve
its objectives is called: - ANS✔✔ Risk identification
The process of evaluating discovered risks to understand their potential impact and likelihood is
referred to as: - ANS✔✔ Risk assessment
Which of the following answers refers to a risk assessment method based on need, typically
conducted in response to specific events or changes, such as after a major organizational
change or a security breach? - ANS✔✔ Ad hoc
Which of the answers listed below refers to an example of recurring risk assessment? - ANS✔✔
Quarterly or annual risk assessments
Which of the following answers refers to a risk assessment conducted for a specific purpose or
project, without plans for regular reassessment (e.g., risk assessment for a new product
launch)? - ANS✔✔ One-time
Which of the answers listed below refers to an example of continuous risk assessment? -
ANS✔✔ Real-time monitoring of network security threats
Assessment of risk probability and its impact based on subjective judgment falls into the
category of: - ANS✔✔ Qualitative risk assessment
A calculation of SLE(Single Loss Expectancy) is an example of: - ANS✔✔ Quantitative risk
assessment
