Discuss APICS CSCP Exam Topic 2 Question 115

The ISO 31000 standard can be best used for which of the following actions?

ACertifying in risk management

BSeeking generic guidelines on risk management

CComparing risk management practices

DCreating industry specific risk management practices

Suggested Answer: B

The ISO 31000 standard provides a set of principles, guidelines, and best practices for risk management that can be applied to any organization, regardless of its size, industry, or sector. It is designed to help organizations identify, assess, and mitigate risks in a systematic and consistent manner. The standard is not intended for certification purposes (option A) but rather for providing a comprehensive framework for managing risk. It can be used to compare risk management practices to some extent (option C) and to inform the creation of industry-specific practices (option D), but its primary purpose is to offer generic guidelines. Reference: ISO 31000:2018 - Risk management -- Guidelines.

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18 comments · newest first

Edgar 10 months ago

Wait, can it really be used for comparing practices?

Mira 10 months ago

I thought it was more about certifying practices?

Hannah 10 months ago

Totally agree, B is the way to go!

Kami 10 months ago

Surprised to see so much confusion about this!

Ezekiel 11 months ago

It's mainly for generic guidelines on risk management.

Larue 11 months ago

I definitely remember it being about seeking guidelines, but I wonder if it could also apply to creating industry-specific practices?

Omer 11 months ago

I feel like it could also relate to comparing practices, but I can't recall any specific examples from our practice questions.

Gracia 11 months ago

I remember it being used for generic guidelines on risk management. That seems to fit best with what we studied.

Ocie 11 months ago

I think ISO 31000 is more about providing guidelines rather than certifying anything, but I'm not entirely sure.

Queen 12 months ago

I remember learning about the ISO 31000 in class. If I recall correctly, it's a framework that provides general principles and guidelines for risk management, rather than being specific to any one industry or application. So I think B is the best answer here.

Carrol 12 months ago

Okay, let me see. The ISO 31000 is a widely recognized standard, so I don't think it's just for certifying in risk management. And it's not really about creating industry-specific practices either. I'm leaning towards B, but I'll double-check the other options just to be sure.

Shenika 12 months ago

Hmm, I'm a little unsure about this. I know the ISO 31000 is a risk management standard, but I'm not sure if it's meant for seeking generic guidelines or something more specific. I'll have to think this through carefully.

Rosalyn 1 year ago

I'm pretty confident about this one. The ISO 31000 standard is all about providing general guidelines for risk management, so I think the best answer is B.

Shizue 1 year ago

Haha, certifying in risk management? That's like getting a degree in breathing! B is definitely the way to go.

Denae 1 year ago

Option D is tempting, but I believe B is the best choice. The standard is meant to be broadly applicable, not industry-specific.

Zena 1 year ago

I think B is the correct answer. The ISO 31000 standard provides generic guidelines on risk management, which can be useful for various organizations.

Shenika 1 year ago

↳ replying to Zena

I think D could also be a possibility. It helps in creating industry specific risk management practices.

Dean 1 year ago

↳ replying to Zena

I agree, B is the correct answer. ISO 31000 provides generic guidelines on risk management.

APICS CSCP Exam - Topic 2 Question 115 Discussion