ARM 401 Assignment 1 - Identifying
Risk Exam Actual Questions and
Answers 2026
Facilitated Workshops -
correct answer ✅A neutral party (the facilitator), who has no stake
in the outcome or participation responsibilities, administers the risk
workshop and propels the group to achieve its goal.
Delphi Technique -
correct answer ✅Uses the opinions of a select group of experts to
identify risks. Typically, these experts don't meet but respond to a
survey or inquiry instead.
HAZOP -
correct answer ✅Primarily used to design complex, scientific
systems such as those used in engineering, chemical, mechanical,
electronic, and computer operations. But it can be adapted to
analyze certain organizational strategies and initiatives.
SWOT analysis -
correct answer ✅Strengths, weaknesses, opportunities, and
threats. This is a team approach that's useful in analyzing a new
project or product. The strengths and weaknesses are internal
environmental factors to be considered. The opportunities and
threats are external environmental factors.
, ARM 401 Assignment 1 - Identifying
Risk Exam Actual Questions and
Answers 2026
Delmar AeroFab Inc. is designing a part for a commercial aircraft
that cannot have any defects. Which of these team-oriented
approaches to risk identification should it adopt?
A) Facilitated Workshops
B) Delphi Technique
C) HAZOP
D) SWOT -
correct answer ✅C) HAZOP
Scenario Analysis -
correct answer ✅Identifies risks and predicts the potential
consequences of those specific risks.
Risk Threshold -
correct answer ✅The range/amount of risk that is acceptable to
take on.
Risk Exam Actual Questions and
Answers 2026
Facilitated Workshops -
correct answer ✅A neutral party (the facilitator), who has no stake
in the outcome or participation responsibilities, administers the risk
workshop and propels the group to achieve its goal.
Delphi Technique -
correct answer ✅Uses the opinions of a select group of experts to
identify risks. Typically, these experts don't meet but respond to a
survey or inquiry instead.
HAZOP -
correct answer ✅Primarily used to design complex, scientific
systems such as those used in engineering, chemical, mechanical,
electronic, and computer operations. But it can be adapted to
analyze certain organizational strategies and initiatives.
SWOT analysis -
correct answer ✅Strengths, weaknesses, opportunities, and
threats. This is a team approach that's useful in analyzing a new
project or product. The strengths and weaknesses are internal
environmental factors to be considered. The opportunities and
threats are external environmental factors.
, ARM 401 Assignment 1 - Identifying
Risk Exam Actual Questions and
Answers 2026
Delmar AeroFab Inc. is designing a part for a commercial aircraft
that cannot have any defects. Which of these team-oriented
approaches to risk identification should it adopt?
A) Facilitated Workshops
B) Delphi Technique
C) HAZOP
D) SWOT -
correct answer ✅C) HAZOP
Scenario Analysis -
correct answer ✅Identifies risks and predicts the potential
consequences of those specific risks.
Risk Threshold -
correct answer ✅The range/amount of risk that is acceptable to
take on.
