Identify & Analyse Risks

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Jump your way through questions on identifying, analysing, and evaluating risks while avoiding the wrong answers!

Creada por

Joy yong

Australia

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Froggy Jumps Identify & Analyse RisksVersión en línea Jump your way through questions on identifying, analysing, and evaluating risks while avoiding the wrong answers! por Joy yong 1 What is the first step in the risk management process? a identify Risks b Treat Risks c Monitor Risks 2 Give one example of an internal factor in risk context a Weather conditions b Company culture c Government regulations 3 Give one example of an external factor in risk context. a Staff training programs b Market trends c Office layout 4 What does “scope” mean in risk assessment? a Defining what is included and excluded b Writing a marketing plan c Recording financial statements 5 Name one tool used to help identify risks. a Brainstorming b Product advertising c Price discounting 6 What two elements are considered when using a risk matrix? a Cost and revenue b Likelihood and impact c Sales and profit 7 In a risk matrix, how is overall risk level determined? a Adding likelihood and impact b Dividing likelihood by cost c Likelihood × Impact 8 What is the purpose of consulting stakeholders during risk analysis? a To hire new employees b To approve the marketing budget c To gather accurate information 9 Name one qualitative risk analysis method. a Probability-impact matrix b Monte Carlo simulation c Expected Monetary Value (EMV) 10 : Name one quantitative risk analysis method. a SWOT analysis b Sensitivity analysis c Brainstorming

Froggy Jumps

Identify & Analyse RisksVersión en línea

Jump your way through questions on identifying, analysing, and evaluating risks while avoiding the wrong answers!

por Joy yong

What is the first step in the risk management process?

identify Risks

Treat Risks

Monitor Risks

Give one example of an internal factor in risk context

Weather conditions

Company culture

Government regulations

Give one example of an external factor in risk context.

Staff training programs

Market trends

Office layout

What does “scope” mean in risk assessment?

Defining what is included and excluded

Writing a marketing plan

Recording financial statements

Name one tool used to help identify risks.

Brainstorming

Product advertising

Price discounting

What two elements are considered when using a risk matrix?

Cost and revenue

Likelihood and impact

Sales and profit

In a risk matrix, how is overall risk level determined?

Adding likelihood and impact

Dividing likelihood by cost

Likelihood × Impact

What is the purpose of consulting stakeholders during risk analysis?

To hire new employees

To approve the marketing budget

To gather accurate information

Name one qualitative risk analysis method.

Probability-impact matrix

Monte Carlo simulation

Expected Monetary Value (EMV)

: Name one quantitative risk analysis method.

SWOT analysis

Sensitivity analysis

Brainstorming

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Identify & Analyse Risks

Froggy Jumps

Sobre esta actividad

Creada por

Descarga la versión para jugar en papel

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Identify & Analyse RisksVersión en línea

por Joy yong

What is the first step in the risk management process?

Give one example of an internal factor in risk context

Give one example of an external factor in risk context.

What does “scope” mean in risk assessment?

Name one tool used to help identify risks.

What two elements are considered when using a risk matrix?

In a risk matrix, how is overall risk level determined?

What is the purpose of consulting stakeholders during risk analysis?

Name one qualitative risk analysis method.

: Name one quantitative risk analysis method.

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