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How much do you know about Enterprise Risk Management? Challenge yourself...
Try out our enterprise risk management quiz.
What is 'risk culture' in an organisation?
The employee handbook
A set of values and approaches to risk
Risk appetite
What is the accepted international risk management standard?
ISO31000
ISO21101
ISO21500
As well as risk management, what is another of the core approaches to operational resilience?
Project Management
Business Continuity
Environment, Social and Governance (ESG)
Typically, the third line of assurance is what?
The legal advisors
The risk management function
Internal audit
What are the two key metrics in project risk?
Number of staff and cost
Delivery against specification and timeframe
Delivery against timeframe and budget
Which is categorised as a threat?
Buying 100 lottery tickets
Selling a house despite receiving less than you paid for it because you think prices will fall further
Going horse riding without wearing a riding helmet
Which of the following is an aspect of an organisation's internal context?
Its business sector
Its activities
Its supply chain
Relying on historic analysis when assessing potential risks and possible impacts implies that
management believe that the future will behave much like the past
should adverse events occur, the impact can be accurately modelled
significant risks have all been seen before
ERM differs from more specialised approaches to risk management because
ensures that an organization’s objectives will be achieved
takes an integrated or holistic approach across an organisation
addresses strategic, tactical and operational risk management
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