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The ISO-31000-CLA certification exam comprises 150 multiple-choice questions that must be completed within a duration of 3 hours. The exam is conducted in a proctored environment, and candidates must score a minimum of 70% to pass the exam. The exam covers various topics such as risk principles and framework, risk assessment, risk treatment, risk communication, and risk monitoring.
GAQM ISO-31000-CLA is an internationally recognized certification that is designed to assess the ability of professionals to manage risks in organizations. As the name suggests, it is an ISO 31000 certified lead risk manager credential that validates the knowledge and skills of candidates in the risk management domain. The certification is offered by the Global Association for Quality Management (GAQM), a leading provider of professional certifications.
The GAQM ISO-31000-CLA certification is ideal for individuals who are responsible for managing and leading risk management processes within their organizations, including risk managers, business continuity managers, IT managers, and compliance managers. By earning this certification, individuals can enhance their career prospects and demonstrate their commitment to excellence in risk management. Additionally, organizations that employ GAQM ISO-31000-CLA certified professionals can benefit from improved risk management processes, increased efficiency, and reduced risk exposure.
>> ISO-31000-CLA Exam Syllabus <<
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GAQM ISO 31000 - Certified Lead Risk Manager Sample Questions (Q22-Q27):
NEW QUESTION # 22
Risk management professionals conduct supply-chain analyses to identify
- A. customer technology needs.
- B. potential vulnerabilities to the organization.
- C. contingent business interruption coverage.
- D. international regulatory requirements.
Answer: B
Explanation:
Explanation
According to page 12 of the source, risk management professionals conduct supply chain analysis to identify potential vulnerabilities to the organization. These vulnerabilities can arise due to supplier dependency, breakdowns or disruptions in the supply chain, natural or human-made disasters, political or social instability, cyberattacks or other threats. Identifying such risks is crucial to prevent adverse impacts on the organization's operations, reputation or financial position.
NEW QUESTION # 23
Which of the following tools are used Risk managers for communication between stakeholders and interested parties?
- A. Database
- B. Resume
- C. Bio-data
- D. Records
Answer: D
Explanation:
Explanation
Records are one of the tools used by risk managers for communication between stakeholdersand interested parties2. Records help to share information, insights, recommendations, and decisions related to risk management.
NEW QUESTION # 24
ISO 31000 is intended to be a family of standards relating to risk management codified by the ________.
- A. International Organization for Standardization
- B. GlobalDocument
- C. OpenDocument
- D. OpenSource
Answer: A
Explanation:
Explanation
According to 1, ISO 31000 is a family of standards relating to risk management codified by the International Organization for Standardization (ISO). It provides principles and guidelines on managing risks that could affect organizations.
NEW QUESTION # 25
Which of the following is a process with inputs, activities, and outcomes?
- A. Quality management
- B. Financial management
- C. Risk management
- D. Relations management
Answer: C
Explanation:
Explanation
Risk management is a process with inputs, activities, and outcomes1. The inputs are the organization's context and risk criteria. The activities are risk identification, analysis, evaluation, and treatment. The outcomes are improved decision making, performance, and resilience.
NEW QUESTION # 26
Which step is the last part of the risk assessment process, which started with risk identification then moved to risk assessment, and finally risk evaluation?
- A. Risk evaluation
- B. Risk outsourcing
- C. Risk acceptance
- D. Risk avoidance
Answer: A
Explanation:
Explanation
the last step of the risk assessment process, which starts with risk identification, moves to risk assessment, and finally risk evaluation, is Risk evaluation.
Risk evaluation involves comparing the estimated level of risk against the risk criteria established during the risk assessment phase, to determine the significance of the risk and whether it is acceptable or not. This decision is made in consultation with stakeholders, who may provide additional context and information to inform the decision.
The American Society for Quality (ASQ) describes risk evaluation as "the process of comparing an estimated risk against given risk criteria to determine the acceptability of the risk." [1] Similarly, ISO/IEC 27001:2013 (Information technology - Security techniques - Information security management systems - Requirements) defines risk evaluation as "the process of comparing the estimated risk against given risk criteria in order to determine the significance of the risk." [2] References: [1] ASQ Glossary - Risk evaluation, https://asq.org/quality-resources/risk-evaluation [2] ISO/IEC
27001:2013, Clause 6.1.3(c), https://www.iso.org/standard/54534.html
NEW QUESTION # 27
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