RIMS-CRMP EXAM STUDY GUIDE
with 100% correct answers
( GUARANTEED SUCCESS )
Benchmarking - answer The process of measuring the
performance of an organization against external standards of
reference that frequently come from similar organizations doing
similar things.
Corporate Governance - answer The system of rules, practices
and processes by which a company is directed and controlled.
Enterprise Risk Management - answer A strategic discipline that
supports the achievement of an organization's objectives by
addressing the full spectrum of its risk and managing the
combined impact of those risks as an interrelated risk portfolio.
Gap Analysis - answer Comparison of an existing process or
procedure to recognize standards in order to identify deficiencies
or excesses in the existing process.
Key performance indicator (KPI) - answer As activity that signals
the achievement of organizational objectives, emphasize
opportunities and strategic objectives.
Key risk indicator (KRI) - answer designed to manage downside
risk. A measurement of how risk and volatility relate to achieving
organizational objectives,
, PESTLE Analysis - answer PESTLE is an acronym for Political,
Economic, Social, Technology, Legal and Environmental and
identifies the categories utilized to analyze internal and external
environments. Other forms of the acronym include "PEST" and
"PESTEL."
Risk - answer The effect of uncertainty on objectives.
Risk Appetite - answer The total exposed amount that an
organization wishes to undertake on the basis of risk return trade-
offs for one or more desired and expected outcomes
Risk Attitude - answer An organization's or individuals'
view/perspective of the perceived qualitative and quantitative
value that may be gained in comparison to the related potential
loss or losses.
Risk Culture - answer The beliefs, values, norms and traditions of
behavior of individuals and groups within an organization that
determine the way in which they identify, understand, discuss and
act on the risk(s) the organization confronts and takes.
Risk Champion - answer Any person in an organization who is a
leader and influences peers regarding the value that risk
management adds to the organization.
Risk governance - answer The architecture within which risk
management operates in a company
with 100% correct answers
( GUARANTEED SUCCESS )
Benchmarking - answer The process of measuring the
performance of an organization against external standards of
reference that frequently come from similar organizations doing
similar things.
Corporate Governance - answer The system of rules, practices
and processes by which a company is directed and controlled.
Enterprise Risk Management - answer A strategic discipline that
supports the achievement of an organization's objectives by
addressing the full spectrum of its risk and managing the
combined impact of those risks as an interrelated risk portfolio.
Gap Analysis - answer Comparison of an existing process or
procedure to recognize standards in order to identify deficiencies
or excesses in the existing process.
Key performance indicator (KPI) - answer As activity that signals
the achievement of organizational objectives, emphasize
opportunities and strategic objectives.
Key risk indicator (KRI) - answer designed to manage downside
risk. A measurement of how risk and volatility relate to achieving
organizational objectives,
, PESTLE Analysis - answer PESTLE is an acronym for Political,
Economic, Social, Technology, Legal and Environmental and
identifies the categories utilized to analyze internal and external
environments. Other forms of the acronym include "PEST" and
"PESTEL."
Risk - answer The effect of uncertainty on objectives.
Risk Appetite - answer The total exposed amount that an
organization wishes to undertake on the basis of risk return trade-
offs for one or more desired and expected outcomes
Risk Attitude - answer An organization's or individuals'
view/perspective of the perceived qualitative and quantitative
value that may be gained in comparison to the related potential
loss or losses.
Risk Culture - answer The beliefs, values, norms and traditions of
behavior of individuals and groups within an organization that
determine the way in which they identify, understand, discuss and
act on the risk(s) the organization confronts and takes.
Risk Champion - answer Any person in an organization who is a
leader and influences peers regarding the value that risk
management adds to the organization.
Risk governance - answer The architecture within which risk
management operates in a company
