MCT Beginning

1. The risk management principles according to ISO 31000 version 2018 are:

• 7
• 8
• 11

2. Risk:

• Is inevitable
• Is intrinsic to any activity
• Can be eliminated
• Cannot be eliminated
• Can be reduced

3. The risk analysis takes into account:

• The impact
• The likelihood
• Means of control
• The root causes
• The cost of profits and losses

4. The two sides of the risk coin are:

• Risks and threats
• Strengths and weaknesses
• Risk and opportunities
• Threats and opportunities

5. The components of the risk management process are to:

• Plan
• Appreciate the risk
• Analyze the risk
• Watch
• Communicate