Risk Management Set Complete Questions & Answers

Risk Management Set Complete Questions & AnswersHow is risk defined within Risk Management? - ANSWER Risk is defined as the possibility of loss or injury due to exposure to a hazard What is the first choice in the standard of order of precedence for RM controls? - ANSWER The standard order of precedence for controls is to first use design and engineering solutions to achieve minimum risk. Less desirable control options are to add safety devices, warming devices, or change procedures and training In the RM process, what action follows an evaluation? - ANSWER Action 3- Feedback Which of the following is a Risk Assessment pitfall? - ANSWER Over optimism: "It can't happen to us. We're already doing it." This pitfall results from not being totally honest and not looking for root causes of the hazards. Which of the following is a Risk Assessment pitfall? - ANSWER Misrepresentation: Individual perspectives may distort data. This can be deliberate or unconscious. Which of the following is a Risk Assessment pitfall? - ANSWER c. Alarmism: "The sky is falling" approach, or "worst case" estimates are used regardless of their possibility. Which of the following is a Risk Assessment pitfall? - ANSWER Indiscrimination: All data is given equal weight. Which of the following is a Risk Assessment pitfall? - ANSWER Prejudice: Subjectivity and/or hidden agendas are used instead of facts. Which of the following is a Risk Assessment pitfall? - ANSWER Inaccuracy: Bad or misunderstood data nullify accurate risk assessment. Which of the following is a Risk Assessment pitfall? - ANSWER Enumeration: It is difficult to assign a numerical value to human behavior. In the first step of the Risk Management Process Cycle, "Why" analysis is used in which action? - ANSWER Action 3- List Causes Develop controls is an action for which step in the RM process? - ANSWER Step 3 Within the RM process, which is a type of control can be applied to hazards to mitigate the risk? - ANSWER Engineering controls. Physical controls. Adm