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GAQM ISO-31000-CLA Exam - Topic 2 Question 11 Discussion

Actual exam question for GAQM's ISO-31000-CLA exam

Question #: 11
Topic #: 2

[All ISO-31000-CLA Questions]

Relying on historic analysis when assessing potential risks and possible impacts implies that

Ashould adverse events occur, the impact can be accurately modelled.

Ball significant risks can be confidently analysed.

Cmanagement believe that the future will behave much like the past.

Show Suggested Answer

Suggested Answer: B

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.

by Nieves at Mar 09, 2025, 03:14 PM

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Dusti

9 months ago

B is too optimistic, not all risks can be predicted.

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Rossana

9 months ago

C makes sense, but it's a risky assumption.

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Lindsey

10 months ago

Wait, so they think the future is just a repeat of the past? That's surprising!

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Lura

10 months ago

Totally disagree, you can't always rely on history.

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Paulina

10 months ago

A is spot on, past events help predict future impacts.

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Dorothea

10 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?

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Penney

10 months 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?

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Willetta

11 months 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.

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Nydia

11 months ago

I think option C makes sense because relying on historical data often means assuming future trends will mirror past ones.

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Haydee

11 months 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.

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Tonette

11 months 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.

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Aaron

11 months 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.

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Lettie

11 months 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.

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Gail

11 months ago

This question seems straightforward. I think the answer is C - management believe that the future will behave much like the past.

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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!

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Ernestine

1 year ago

C) management believe that the future will behave much like the past.

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Daniel

1 year ago

B) all significant risks can be confidently analysed.

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Janella

1 year ago

User 3: I agree with C, it's better to stick with what we know.

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Blossom

1 year ago

A) should adverse events occur, the impact can be accurately modelled.

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Vernell

1 year ago

User 2: But what if the future is different? I'm leaning towards A for accurate modelling.

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Vallie

1 year ago

User 1: I think C makes sense, history tends to repeat itself.

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Han

1 year 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.

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Jerry

1 year ago

That's true, there's always a chance for new risks to pop up.

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Dorinda

1 year ago

But what if something unexpected happens that wasn't in the historical data?

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Gilberto

1 year ago

Yeah, it's like assuming history will repeat itself in a way.

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Kizzy

1 year ago

I think C makes sense, it's like predicting the future based on what's already happened.

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Shantay

1 year 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.

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Ariel

1 year ago

I think we should consider all possible risks, not just rely on historical data.

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Chau

1 year ago

I agree, it's always tricky to predict the future based on the past.

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Samuel

1 year ago

That's true, there could be unforeseen risks that historic analysis doesn't account for.

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Roslyn

1 year 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?

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Erin

1 year ago

But what if the future doesn't behave like the past?

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Samuel

1 year ago

I think relying on historic analysis can help us predict potential risks.

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