Quiz #3 ISO 31000 – ‘Process’ – International Management System Institute

When recording and reporting risk management results… *

Communicate risk management activities and outcomes across the organization

Don't tell anyone about other people's risks

Use the results to provide information for decision-making

Use the results to improve risk management activities

The purpose of establishing the scope, the context and criteria is to… *

customize the risk management process

enable an effective risk assessment for the whole organization

meet the requirements of a complex text-based procedure

implement an appropriate risk treatment plan

To set risk criteria we should consider…(among other things)… *

the nature and type of uncertainties that can affect outcomes and objectives

consistency in the use of measurements

how combinations and sequences of multiple risks will be taken into account

how the level of risk is to be determined

The risk management 'Process' involves the systematic application of… *

policies, procedures and practices

communicating and consulting

assessing, treating, monitoring

complicated text-based documented procedures

reviewing, recording and reporting

MSP Course #3 - ISO 31000:2018 - Risk Management