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GAQM ISO-31000-CLA Exam Questions
- Topic 1: Foundation: This section of the exam measures the skills of GAQM Risk Managers and covers the fundamental concepts of risk management. Candidates will learn about the importance of establishing a strong foundation for effective risk management practices within organizations. This module emphasizes understanding the role of risk management in achieving organizational objectives.
- Topic 2: ISO Risk-Based Thinking: This module is targeted at GAQM Risk Consultants and focuses on the principles of risk-based thinking as outlined in ISO standards. A key skill measured here is the ability to apply risk-based thinking to enhance organizational resilience.
- Topic 3: Risk Concepts And Definitions: This section provides a clear understanding of key risk concepts and definitions. Candidates will learn to differentiate between various types of risks and understand their implications for organizations.
- Topic 4: ISO 31000:2018 Simplified: This module is designed for GAQM Risk Consultants and simplifies the ISO 31000:2018 standard. Candidates will gain insights into the updated framework for managing risk, including its structure and key components.
- Topic 5: Risk Management Principles: It focuses on the core principles of risk management. Candidates will learn about the fundamental principles that guide effective risk management practices.
- Topic 6: Framework For Managing Risk: This topic covers the framework necessary for managing risk within organizations. Candidates will explore how to establish a structured approach to risk management that aligns with organizational goals.
- Topic 7: Risk Management Process: It gives an understanding of the overall risk management processes. Candidates will learn about the steps involved in identifying, assessing, treating, and monitoring risks.
- Topic 8: Risk Assessment Tools And Techniques: This area of the exam covers various tools and techniques used in risk assessment. Candidates will explore methods for evaluating risks and making informed decisions.
- Topic 9: ISO 31000:2009 Enhanced Risk Management: This section measures the skills of GAQM Risk Managers by examining enhancements made in ISO 31000:2009 compared to previous versions.
Free GAQM ISO-31000-CLA Exam Actual Questions
Note: Premium Questions for ISO-31000-CLA were last updated On Oct. 09, 2026 (see below)
Organizational information systems, information flows, and formal and informal decision-making processes are all a part of establishing which type of context in regard to the organization?
According to ISO31000 (2018), clause 5., establishing the context involves defining ''the external and internal parameters to be taken into account when managing risk''. The internal context includes ''information systems, information flows and decision-making processes'' among other factors.
New definition of risk under ISO 31000 and 31010 is:
According to ISO/IEC Guide73 (2009), clause 1., risk is defined as ''the effect of uncertainty on objectives''. This definition applies to both ISO/IEC Guide73 (2009) and ISO31000 (2018), which are standards for risk management terminology and principles respectively.
Risk management theory that considers an organization-wide approach to risk management is known as what type of approach?
According to , page 4, a holistic approach to risk management is ''one that considers all sources and types of risks across all organizational units and activities''.It aims to integrate governance, strategy, performance, culture and ethics into a coherent framework for managing uncertainty2.
Which ISO Standard is used for hazard identification and risk assessment?
The Chief Risk Officer within a large manufacturing organisation has been asked by the Board of Directors to provide an example of a pure risk. A suitable example would be
A fire occurring in a new manufacturing process line is an example of a pure risk, which is a situation that can only end in a loss12. For example, the fire could damage property, injure workers or disrupt operations.
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