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Relying on historic analysis when assessing potential risks and possible impacts implies that
Suggested Answer: B
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The ISO 31000:2018 standard provides a framework for risk management, with a focus on the strategic and integrated aspects of risk management. It outlines principles, a framework, and a process for managing risk in organizations of all kinds. The focus of the standard is on aligning risk management with the organization's context, objectives, and strategy, and on integrating risk management into all aspects of an organization's governance, culture, and performance.
33 comments · newest first
DU
Dusti
11 months ago
B is too optimistic, not all risks can be predicted.
RO
Rossana
11 months ago
C makes sense, but it's a risky assumption.
LI
Lindsey
11 months ago
Wait, so they think the future is just a repeat of the past? That's surprising!
LU
Lura
12 months ago
Totally disagree, you can't always rely on history.
PA
Paulina
12 months ago
A is spot on, past events help predict future impacts.
DO
Dorothea
12 months ago
I’m a bit confused, but I think option B sounds too optimistic. Not all significant risks can be confidently analyzed just based on history, right?
PE
Penney
1 year ago
I remember a practice question that discussed how management's confidence in past data could lead to overlooking new risks, so maybe C is right?
WI
Willetta
1 year ago
I'm not entirely sure, but I feel like option A could be correct since historical analysis might help model impacts if similar events happen again.
NY
Nydia
1 year ago
I think option C makes sense because relying on historical data often means assuming future trends will mirror past ones.
HA
Haydee
1 year ago
I've got a good feeling about option C. Relying on historic analysis implies that management believes the future will be similar to the past. That seems like the most logical answer to me.
TO
Tonette
1 year ago
I'm a bit confused by this question. The wording is a bit convoluted. I'll have to re-read it a few times to make sure I understand what it's asking.
AA
Aaron
1 year ago
Okay, let me see. I think the key here is the idea of "historic analysis" and how that relates to assessing risks and impacts. Option C seems to capture that concept the best.
LE
Lettie
1 year ago
Hmm, I'm not sure about this one. The options seem a bit tricky. I'll have to think it through carefully before answering.
GA
Gail
1 year ago
This question seems straightforward. I think the answer is C - management believe that the future will behave much like the past.
YO
Youlanda
1 year ago
Seriously, who thought it was a good idea to base risk assessments on something as unpredictable as history? I'm just gonna go with the one that sounds the most like a bad fortune cookie - C, all the way!
ER
Ernestine
1 year ago
C) management believe that the future will behave much like the past.
DA
Daniel
1 year ago
B) all significant risks can be confidently analysed.
JA
Janella
1 year ago
User 3: I agree with C, it's better to stick with what we know.
BL
Blossom
1 year ago
A) should adverse events occur, the impact can be accurately modelled.
VE
Vernell
1 year ago
User 2: But what if the future is different? I'm leaning towards A for accurate modelling.
VA
Vallie
1 year ago
User 1: I think C makes sense, history tends to repeat itself.
HA
Han
2 years ago
Historic analysis, huh? So basically, we're supposed to believe that the future is just a glorified remix of the past. I'm gonna go with C and hope the examiners are in a nostalgic mood.
JE
Jerry
1 year ago
That's true, there's always a chance for new risks to pop up.
DO
Dorinda
1 year ago
But what if something unexpected happens that wasn't in the historical data?
GI
Gilberto
1 year ago
Yeah, it's like assuming history will repeat itself in a way.
KI
Kizzy
1 year ago
I think C makes sense, it's like predicting the future based on what's already happened.
SH
Shantay
2 years ago
Ah, the good old 'past performance is not indicative of future results' conundrum. Looks like C is the way to go, though I'm sure there's some creative accounting that could make any of these answers work.
AR
Ariel
1 year ago
I think we should consider all possible risks, not just rely on historical data.
CH
Chau
1 year ago
I agree, it's always tricky to predict the future based on the past.
SA
Samuel
2 years ago
That's true, there could be unforeseen risks that historic analysis doesn't account for.
RO
Roslyn
2 years ago
Ooh, this one's a tricky one! Historic analysis can only get you so far - the future is a wild card, you know? But hey, at least we can pretend to be psychic, right?
ER
Erin
2 years ago
But what if the future doesn't behave like the past?
SA
Samuel
2 years ago
I think relying on historic analysis can help us predict potential risks.