GAQM Updated ISO-31000-CLA Exam Questions and Answers by jibreel

Records are one of the tools used by risk managers for communication between stakeholders and interested parties2. Records help to share information, insights, recommendations, and decisions related to risk management.

Enhanced risk management emphasizes the continual improvement of risk management capabilities1. This means that risk management is regularly reviewed and updated to ensure its relevance, adequacy, and effectiveness.

Within an organisation, when attempting to manage and control risk, uncertainty must be taken into account4. Uncertainty refers to “the state, even partial, of deficiency of information related to understanding or knowledge of an event” 4 and it influences both risks and opportunities.

Risk management is a process with inputs, activities, and outcomes1. The inputs are the organization’s context and risk criteria. The activities are risk identification, analysis, evaluation, and treatment. The outcomes are improved decision making, performance, and resilience.