CIPS Exam L5M2 Topic 1 Question 10 Discussion

Actual exam question for CIPS's L5M2 exam

Question #: 10
Topic #: 1

[All L5M2 Questions]

Yusef is a new procurement manager at FRD Incorporated. He is looking through the Risk Assessments for his department and notices that the cause of the risk is not identified. Why might this be?

Athis is a mistake - all risk assessments should specify the cause of the risk. He should raise this with his manager

Bthe organisation has a high risk appetite

Cthe organisation has not recorded cause for cultural reasons

Dthe organisation has completed the risk assessments incorrectly

Show Suggested Answer

Suggested Answer: C

The correct answers are as follows:

by Alecia at Feb 03, 2023, 11:29 PM

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Fabiola

1 months ago

I'm going with A. Identifying the cause of a risk is fundamental to managing it effectively. If they haven't done that, they're not really doing risk assessments at all.

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Virgilio

1 months ago

Ha! I bet the real reason is that the procurement manager, Yusef, is new and doesn't know what he's doing. He should have taken a risk management course before taking this job.

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Milly

15 days ago

C) Yusef should ask for clarification on why the cause of the risk is not identified

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Cheryll

21 days ago

B) Maybe the organisation has a high risk appetite

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Rosina

29 days ago

A) this is a mistake - all risk assessments should specify the cause of the risk. He should raise this with his manager

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Johnna

2 months ago

D seems like the most likely explanation to me. The organization has simply done a poor job of completing the risk assessments. Maybe they're just lazy or incompetent.

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Irene

6 days ago

C) the organisation has not recorded cause for cultural reasons

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Johna

10 days ago

D) the organisation has completed the risk assessments incorrectly

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Vivan

15 days ago

A) this is a mistake - all risk assessments should specify the cause of the risk. He should raise this with his manager

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Jamal

2 months ago

I'm not sure, but I think C might be the right answer. Some organizations might not record the cause of risks for cultural reasons, like avoiding confrontation or blame.

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Lauran

2 months ago

D) the organisation has completed the risk assessments incorrectly

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Eveline

2 months ago

C) the organisation has not recorded cause for cultural reasons

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Andrew

2 months ago

A) this is a mistake - all risk assessments should specify the cause of the risk. He should raise this with his manager

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Earleen

2 months ago

I think the correct answer is A. All risk assessments should clearly identify the cause of the risk. This is a basic requirement for effective risk management.

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