ISO-31000-CLA ISO 31000 - Certified Lead Risk Manager Dumps - Free Latest Dumps for IT Certification Exams

ISO-31000-CLA ISO 31000 – Certified Lead Risk Manager Dumps

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The ISO-31000-CLA ISO 31000 – Certified Lead Risk Manager exam is a certification exam that validates the knowledge and skills of professionals who can apply the ISO 31000 standard for risk management in various contexts. The exam covers the principles, framework and process of risk management, as well as the roles and responsibilities of a lead risk manager. The exam consists of 60 multiple-choice questions and lasts for two hours. Candidates who pass the exam will receive the ISO-31000-CLA certificate from GAQM, the Global Association for Quality Management. Free ISO-31000-CLA ISO 31000 – Certified Lead Risk Manager exam dumps questions are below.

Page 1 of 4

1. Enhanced risk management emphasizes the continual improvement of risk management capabilities.

True

False

2. Risk management processes, outcomes, and activities should be _________.

routable

executable

traceable

rectifiable

3. Organizational information systems, information flows, and formal and informal decision-making processes are all a part of establishing which type of context in regard to the organization?

External

Technological

Local

Internal

4. Where does an internal auditor typically spend most of his time auditing today?

People

Process

Technology

Infrastructure

5. Which of the following is a major challenge in implementing the ISO 31000:2018 risk management framework?

Scoping framework boundaries

Improvement framework boundaries

Design framework boundaries

Strategic framework boundaries

6. Which two of the following are types Integrated Processes? (Choose two)

People processes

Soft processes

Hard process

Quality analysis

7. Which of the following is described in terms of consequence and likelihood?

Level of risk

Level of crisis

Level of uncertainty

Level of cohesiveness

8. Which of the following is becoming the basis for all decision making?

Risk management

Crisis management

Quality management

Marketing management

9. Which of the following step is a critical part of risk assurance?

Evaluation Context

Establishing Context

Communication and Consultations

Monitoring and Review

10. ISO 31000:2018 offers a generic outline for the design of the risk management framework and process.

True

False

Page 2 of 4

11. Risk management takes human and cultural factors into account.

True

False

12. Inclusiveness is another critical attribute of good risk management.

True

False

13. The ISO 31000:2018 process can be used to identify stakeholder risk requirements, needs, and expectations.

True

False

14. Risk management as defined by OCEG GRC model is:

Capability to set and evaluate performance against objectives

Capability to proactively identify, assess and address uncertainty and potential obstacles to achieving objectives

Capability to proactively encourage and ensure compliance with established policies and boundaries

15. Which step is the last part of the risk assessment process, which started with risk identification then moved to risk assessment, and finally risk evaluation?

Risk evaluation

Risk outsourcing

Risk acceptance

Risk avoidance

16. As part of the ISO 31000 risk management process, ‘monitoring and review’ is best thought of as which of the following?

An extra stage.

A feedback loop.

Part of risk assessment.

17. An international bank has identified the risks associated with economic changes in the countries in which it operates.

Which of the following correctly describes these risks?

Internal C Infrastructure.

External C Reputational.

External C Marketplace.

18. The organization’s resources and internal support are ________ the risk management strategy.

adjustable to match

inputs in the development of

metrics used to measure the value of

outcomes of the development of

19. Risk management is tailored.

True

False

20. When an operational area develops a treatment for a critical risk, the risk management professional MUST

add the risk to the risk map.

communicate the treatment plan directly with internal audit.

evaluate the dollar savings associated with the treatment.

evaluate the impact upon other areas.

Page 3 of 4

21. The accuracy and reliability of the risk assessment should be identified as clearly as possible.

True

False

22. Treatment plan becomes a living document of defining the direction of the risk treatment and being able to monitor progress against the plan.

True

False

23. Who serves as the principal adviser to the CEO, business unit heads, and critical function heads on risk matter?

Chief Risk Officer (CRO)

Chief Information Officer (CIO)

Quality Auditor (QA)

Risk Owner (RO)

24. Which of the following ensures that uncertainty is managed so the organization can meet its objectives?

Extended risk management

Enhanced risk management

Evasive risk management

Avoidance risk management

25. ISO 31000:2018 risk management process is ______________

descriptive

prescriptive

visionitive

cursive

26. New definition of risk under ISO 31000 and 31010 is:

Danger that injury, damage, or loss will occur

Possibility of investment loss

Probability of loss to an insurer

Probability of an event that will have an impact on objectives

27. Which type of risk framework is expected to improve efficiency by aligning strategy, processes, technology and people?

Controls, risk and supervision.

Corporate, governance and control.

Governance, risk and compliance.

Supervision, audit and compliance

28. Which of the following documents information are relevant to the organization’s risk management framework, process, and system?

Reporting and auditing

Recording and reporting

Visualizing and conceptualizing

Rationalizing and reporting

29. A broker is undertaking a business interruption review on behalf of a client. This would most commonly include an evaluation of the

effectiveness of a business continuity plan.

effectiveness of risk reserving.

level of risk tolerance.

level of self insurance.

30. Which of the following is the current trend in auditing, risk management and compliance?

Providing assurance over threats

Performing discrete audits in compliance with internal control

Front office function providing leading indicators about risk

Page 4 of 4

31. ISO uses the concept of uncertainty as the driver and rationale for risk management.

True

False

32. Which teams are composed of cross functional subject matter experts, risk experts, and process owners?

Risk assessment teams

Crisis Information teams

Project management teams

Crisis management teams

33. Understanding the potential causes of risk events will primarily help an organisation to

comply with corporate governance standards.

eliminate all risks

improve internal audit procedures.

reduce the frequency of loss.

ISO-31000-CLA ISO 31000 – Certified Lead Risk Manager Dumps

ISO-31000-CLA ISO 31000 – Certified Lead Risk Manager Dumps

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