Chapter 4

Explain risk appetite and opportunity investment?

What is the RIMS definition of ERM

What is the IIA definition of ERM?

Explain two ways in which an organisation might apply Risk Appetite?

What is the BS 31100 definition of Risk Appetite?

Explain what is risk appetite?

Explain what risk exposure is?

Explain what is risk appetite?

Explain what risk capacity is?

what is the link between the risk appetite, risk exposure and risk capacity?

Explain risk appetite in regards to hazard risk?

Explain risk appetite and uncertainty risks?

What are three components are needed to define ERM comprehensively?

What is the BS 31100 definition of risk treatment?

What is the ISO 31000 definition of risk treatment?

Describe the risk response tolerate?

Describe the risk response treat?

Describe the risk response transfer?

Describe the risk response terminate?

Describe preventative controls?

Describe Corrective controls?

Describe directive controls?

Describe detective controls?

Where do BCP and DRP fit into the PCDD model?

Name risk to finance risks?

What is the IIA definition of ERM?

What are the 10 steps of implementing an successful ERM initiative?

What is risk appetite?

Why is risk appetite importance as a planning tool?

Describe the relationship between Risk Appetite, Risk Exposure, and Risk capacity

What is the interface between risk appetite and operations, projects and strategic

Describe the 4Ts of hazard risk management?

Describe the PCDD classification system?

Describe the 4As of Project risk management?

Describe the 4Es of Strategic decisions?

How do you determine whether a control is effective?

What is the COSO definition of ERM?

Name infrastructure risks?

Name reputation risks

Name some Marketplace risks?

Why is insurance important?

Give two advantages of insurance?

Give two disadvantages of insurance?

What is Captive Insurance?

What are the advantage of CIC?

What are the disadvantages of CIC?

What are some of the Key features of ERM?