How much do you know about Enterprise Risk Management?

/10

What is the accepted international risk management standard?

ISO21101

ISO31000

ISO21500

/10

Typically the 3rd line of assurance is?

The risk management function

Internal audit

The legal advisors

/10

Which of the following stages of the risk management process come first?

Risk analysis

Risk response

Risk identification

/10

Which risk identification technique involves sending questionnaires to reach a group consensus?

Delphi method

Brainstorming

SWOT analysis

/10

What does PESTLE stand for?

People, Environment, Scientific, Technical, Legal, Economic

Project, Enterprise, Strategic, Tactical, Loss, Exposure

Political, Economic, Social, Technological, Legal, Environmental

/10

Which risk response strategy involves sharing the risk with another party?

Risk acceptance

Risk transfer

Risk avoidance

/10

Which of the following is an example of an external risk?

IT system failure

Political instability

Employee fraud

/10

What does an organisation’s ‘risk appetite’ refer to?

The maximum amount of risk it can be exposed to

The amount of risk it is currently exposed to

Its willingness to take risks

/10

The UN’s sustainable development goals are most relevant to who?

Internal auditor

ESG manager

Business continuity manager

/10

Which of the following is NOT a method of business continuity testing?

Scenario planning

Tabletop exercise

SWOT analysis

Submit your email to see your score and be added to our system.

We take data protection very seriously, to be added to our system to receive the latest from the IRM please complete your email adress and preferences.

Please fix the errors below and submit again

Qualifications

Training

Membership

Events

Third party

You got {number correct}/{number of questions} correct answers

Enrol on the newly OFQUAL accredited International Certificate in Enterprise Risk Management to prove how much you really know.

Find out more