PC0-006 Online Practice Questions and Answers

Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

A. Determine which other risks will occur if a risk occurs

B. Calculate the total risk exposure for the activity

C. Evaluate the effectiveness of risk management across the organization

D. Determine which risks are independent of other risks

Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process.

A. a high-risk appetite

B. appropriate responses to risks

C. clear guidance for managers and staff

D. an assigned risk owner

Which can be used to measure the impact a risk management awareness programme has on an organization?

A. Gateway reviews

B. Benchmarking

C. Risk questionnaires

D. Brainstorming

Which is a responsibility of the senior team role?

A. Approve assessments of risk probability, impact and proximity

B. Specify the required budget to fund risks

C. Document the importance of risk management towards achieving organizational objectives

D. Agree the timing of risk progress reports for an activity

Which is NOT a use of the 'horizon scanning' technique?

A. Assessing how emerging trends could affect the organization's objectives

B. Facilitating the identification of changes that may affect the organization's risk exposure

C. Identifying long-term developments that could affect the organization's objectives

D. Conducting a wide scan of the current external environment

Which sub-steps are included in the 'assess' step?

A. Plan and evaluate

B. Estimate and evaluate

C. Context and risks

D. Context and estimate

Which risk response option 'takes the chance' that the risk will occur, with its full impact if it did?

A. Accept the risk

B. Transfer the risk

C. Share the risk

D. Prepare contingent plans

Which is recorded in the risk response plan during the 'plan' step?

A. Actions to improve risk management

B. Unmanaged risks

C. Number of risks in different categories

D. Actions developed to mitigate threats