MCT Risk

1. According to ISO Guide 73 version 2009 the risk is:

• Effect of uncertainty on the achievement of objectives
• Combination of the probability of an event and its consequence
• Combination of the probability of occurrence of harm and the severity of that harm
• Effect of uncertainty

2. The process approach, among other things:

• Relies on process management
• Allows roles and responsibilities to be clarified
• Allows costs, delays and waste to be reduced
• Focuses on the priority to investments

3. The two sides of the risk coin are:

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

4. One the following statements is corect:

• Rigorous risk management provides absolute certainty that objectives will be achieved
• Rigorous risk management provides comfortable certainty that objectives will be achieved
• Rigorous risk management provides definitive certainty that objectives will be achieved

5. A process creates, among other things:

• Added value
• Potential nuisances
• Quality