MORF

MORF practice questions, page 5 of 6, with answer review and explanations.

Question 21

Which task will be carried out while performing the 'identify - risks' step?

  1. Calculating when an identified risk is likely to occur
  2. Ranking the importance of the stakeholders involved in the activity
  3. Ensuring that all participants agree on the identified risks
  4. Developing an appropriate response to the identified risks

Question 22

Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.

  1. strategic
  2. programme
  3. project
  4. operational

Question 23

Which is NOT a recommended risk response option for an 'opportunity'?

  1. Enhance
  2. Transfer
  3. Share
  4. Reduce

Question 24

Which is a purpose of the 'risk management policy'?

  1. Explain the actions required to implement risk management
  2. Define the Specific risk management activities that will be performed for an activity
  3. Describe how risk management practices will be implemented throughout an organization
  4. Record information about threats and opportunities for an organizational activity

Question 25

What is the goal of the 'assess - estimate' step?

  1. Identify the threats and opportunities facing the organizational activity
  2. Estimate and agree the budget required to manage risks to the activity
  3. Assess the effectiveness of the risk management processes within an organization
  4. Determine the risks with the greatest effect on activities objectives