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CIPS L5M2 Exam - Topic 5 Question 49 Discussion

ISO 31000 is built on 11 guiding principles. Identify THREE of these.
A) Risk management can create value
B) Risk Management should take into account company culture
C) Risk Management should address uncertainty faced by the organisation
D) Risk Management should be done annually
E) Risk Management should include only the Departments affected by risk

CIPS L5M2 Exam - Topic 5 Question 49 Discussion

Actual exam question for CIPS's L5M2 exam
Question #: 49
Topic #: 5
[All L5M2 Questions]

ISO 31000 is built on 11 guiding principles. Identify THREE of these.

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Suggested Answer: A

The correct answers are as follows:

CSR= Corporate Social Responsibility


by Gracia at Dec 09, 2024, 05:41 PM

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Isadora
7 months ago
Only including affected departments? That doesn't sound right at all.
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Octavio
8 months ago
Totally agree, addressing uncertainty is key!
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Franklyn
8 months ago
Wait, does it really say risk management should be done annually? That seems off.
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Gertude
8 months ago
I think company culture is super important too!
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Cheryl
8 months ago
Risk management can create value is definitely one of them!
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Kathrine
9 months ago
I’m pretty sure risk management should be done annually is not one of the guiding principles. It feels too rigid compared to what we learned.
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Zona
9 months ago
I feel like addressing uncertainty faced by the organization was mentioned in a practice question we did last week. That one seems familiar!
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Carey
9 months ago
I remember discussing how risk management should consider company culture in our study group. It seems important, but I can't recall if it was one of the principles.
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Jody
9 months ago
I think one of the principles is that risk management can create value, but I'm not entirely sure if that's the exact wording.
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Ira
9 months ago
The ISO 31000 principles are really important, so I want to make sure I get this right. I'll review the key ones I remember, like risk management creating value and addressing uncertainty, and then try to identify a third one that seems important.
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Sarah
9 months ago
I'm a bit unsure about this one. I know the principles cover things like risk management creating value and addressing uncertainty, but I'm not totally sure what the other key ones are. I'll have to think it through carefully.
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Arlen
9 months ago
Okay, I know risk management should create value, address uncertainty, and take into account company culture. Those seem like good options to choose from.
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Novella
9 months ago
Hmm, I remember there are 11 principles, but I'm having trouble recalling them all. I'll try to pick out the ones I'm most confident about.
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Paz
9 months ago
I'm pretty familiar with the ISO 31000 principles, so I think I can handle this. Let me think through the key ones...
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Dana
1 year ago
Risk management done annually? That's like cleaning your house once a year. A, B, and C are the real principles.
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Josephine
1 year ago
Haha, annual risk management? What is this, a corporate comedy show? A, B, and C for sure.
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Boris
1 year ago
Definitely A, B, and C. D and E don't sound quite right.
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Sherell
1 year ago
Addressing uncertainty is a key aspect of risk management.
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Jacob
1 year ago
It's important to consider company culture in risk management.
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Jose
1 year ago
D and E are not part of the guiding principles of ISO 31000.
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Devorah
1 year ago
I agree, A, B, and C are the correct principles to follow.
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Lashandra
1 year ago
A, B, and C seem to be the correct principles. I'm not sure about D and E though.
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Val
1 year ago
Let's focus on implementing the ones we know are correct.
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Essie
1 year ago
I agree, D and E don't seem to align with the principles.
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Belen
1 year ago
I think A, B, and C are the correct principles.
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Temeka
1 year ago
I believe D and E are also important, as they ensure regular review and involvement of all departments.
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Jettie
1 year ago
I agree with Santos, those principles make sense for effective risk management.
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Santos
1 year ago
I think the guiding principles are A, B, and C.
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