Latest PDF of PC0-006: Management of Risk (MoR) Foundation

Management of Risk (MoR) Foundation Practice Test

PC0-006 Exam Format | Course Contents | Course Outline | Exam Syllabus | Exam Objectives

Exam: PC0-006 Management of Risk (MoR) Foundation

Exam Details:
- Number of Questions: The exact number of questions may vary, but the exam typically consists of multiple-choice questions.
- Time: Candidates are usually given a specific time duration to complete the exam.

Course Outline:
The PC0-006 Management of Risk (MoR) Foundation course provides an introduction to risk management principles and practices. It equips candidates with the knowledge and understanding required to apply the MoR framework effectively. The course outline includes the following topics:

1. Introduction to MoR
- Overview of risk management and its importance
- Understanding the MoR framework and its key concepts
- Roles and responsibilities in risk management

2. MoR Principles
- Understanding the MoR principles and how they guide risk management activities
- Embedding risk management in the organization's culture and decision-making processes
- Applying the principles to identify, assess, and manage risks

3. MoR Approach
- Developing a structured approach to risk management
- Defining risk management policies, processes, and strategies
- Establishing risk management responsibilities and accountabilities

4. MoR Processes
- Describing the MoR process model and its components
- Identifying risks and opportunities
- Assessing and evaluating risks
- Planning and implementing risk responses
- Monitoring and reviewing risk management activities

5. MoR Techniques and Documentation
- Overview of common risk management techniques and tools
- Using risk registers, risk assessment matrices, and other documentation
- Applying qualitative and quantitative risk analysis techniques

Exam Objectives:
The PC0-006 exam aims to assess candidates' understanding of risk management principles and their ability to apply the MoR framework. The exam objectives include:

1. Understanding the key concepts, principles, and benefits of risk management.
2. Applying the MoR framework to identify, assess, and manage risks effectively.
3. Demonstrating knowledge of the MoR approach and its components.
4. Applying the MoR processes, techniques, and documentation in practical scenarios.
5. Understanding the roles and responsibilities of individuals involved in risk management.

Exam Syllabus:
The exam syllabus covers the following topics:

- Introduction to MoR
- MoR Principles
- MoR Approach
- MoR Processes
- MoR Techniques and Documentation

Candidates are expected to have a comprehensive understanding of these topics and demonstrate their ability to apply the MoR framework in real-world risk management scenarios. The exam assesses their knowledge, critical thinking skills, and ability to make informed decisions in managing risks within an organization.

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PC0-006
Management of Risk (MoR) Foundation
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QUESTION: 132
Which is a purpose of 'embedding and reviewing' M_o_R?
A. Maximizing the return on investment in risk management
B. Assuring the appointment of risk owners
C. Ensuring the availability of appropriate techniques used in the risk management
process steps
D. Reporting on the risk response plan'
Answer: A
QUESTION: 133
Which is NOT a purpose of 'embedding and reviewing M_o_R'?
A. Assessing the implementation of risk management
B. Improving the risk culture of an organization
C. Reviewing risk descriptions as a result of changes to the context
D. Identifies the opportunities for updating existing risk management practices.
Answer: C
QUESTION: 134
Identify the missing words in the following sentence. In order to safeguard value-
creating activities, [ ? ] is used to build an effective response to threats.
A. corporate governance
B. business continuity management
C. programme management
D. project management
Answer: B
QUESTION: 135
Which describes 'residual' risk exposure?
A. Probability of a secondary risk occurring
B. Effect on objectives if a risk occurs after implementing risk response actions
C. Chance of a risk occurring before risk response actions commence
D. Proximity of a risk before risk response actions are completed
37
Answer: B
QUESTION: 136
Which is a purpose of using a risk maturity model?
A. Identify where the application of risk management within an organization can be
improved
B. Understand the nature of risks facing an organization and the actions needed to
respond
C. Provide independent risk information at key decision points within a programme
or project
D. Show to which organizational activities risk management should be applied
Answer: A
QUESTION: 137
Which does the SWOT analysis technique help to identify about an organization?
A. Long-term trends
B. Stakeholder views
C. Corporate governance requirements
D. Internal strengths
Answer: D
QUESTION: 138
Which technique can be used to clarify potential sources of risks across an activity?
A. Probabilistic risk models
B. Summary risk profiles
C. Risk breakdown structure
D. Decision trees
Answer: C
QUESTION: 139
What objectives are associated with decisions on risks to the achievement of long-
term goals?
38
A. Strategic
B. Programme
C. Project
D. Operational
Answer: A
QUESTION: 140
Which explains a use of the risk management policy in the identify context' step?
A. Identifies changes to the organization's market
B. Identifies how past events could become sources of risk
C. Describes how corporate governance will affect the risk management process
D. Understand the maximum amount of risk that should be taken
Answer: D
39
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Management of Risk (MoR) Foundation Practice Test

PC0-006 Exam Format | Course Contents | Course Outline | Exam Syllabus | Exam Objectives

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Up-to-date Syllabus of Management of Risk (MoR) Foundation

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