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Question 156 - CSCP discussion

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Which of the following activities typically would be an appropriate application of the ISO 31000 Risk Management Principles and Guidelines?

A.
Calculating a risk index for each facility
Answers
A.
Calculating a risk index for each facility
B.
Establishing external risk communications processes
Answers
B.
Establishing external risk communications processes
C.
Projecting the ability of a facility to recover from an event
Answers
C.
Projecting the ability of a facility to recover from an event
D.
Preparing for risk management accreditation
Answers
D.
Preparing for risk management accreditation
Suggested answer: B

Explanation:

ISO 31000 Overview: ISO 31000 provides guidelines on managing risk faced by organizations. It includes principles, a framework, and a process for managing risk.

Risk Communication: Establishing effective communication processes is a key component of risk management. It ensures that all stakeholders are aware of the risks and the measures in place to manage them.

Explanation of Choice:

Option A: Calculating a risk index is a risk assessment activity, not a management principle.

Option C: Projecting recovery ability relates to business continuity planning, a subset of risk management.

Option D: Preparing for accreditation is an outcome of implementing risk management but not a direct application of the principles and guidelines.

International Organization for Standardization (ISO). (2018). ISO 31000: Risk Management - Guidelines. ISO.

Hopkin, P. (2018). Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management. Kogan Page Publishers.

asked 16/09/2024
Wilco Gent
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