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CIMA Exam CIMAPRO19-P02-1 Topic 8 Question 103 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 103
Topic #: 8
[All CIMAPRO19-P02-1 Questions]

Risk management can be represented as a four step process. The four steps, shown randomly, are:

1. Establish appropriate risk management policies.

2. Risks are identified by key stakeholders.

3. Risks are monitored on an ongoing basis.

4. Risks are evaluated according to the likelihood of occurrence and impact on the organization.

Which of the following is the correct order for the four steps?

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Suggested Answer: D

by Temeka at Nov 13, 2024, 06:55 PM

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Rhea
15 days ago
A) 1, 2, 3, 4 is the classic, textbook approach. But hey, who needs textbooks when you've got risk management superpowers, right?
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Raelene
16 days ago
But establishing policies first makes more sense to me, so I stick with my answer.
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Amie
16 days ago
D) 2, 4, 1, 3 is the way to go. Identify the risks, then evaluate them, establish the policies, and monitor. Can't go wrong with that order!
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Naomi
17 days ago
I disagree, I believe it is A) 1, 2, 3, 4.
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Raelene
26 days ago
I think the correct order is C) 1, 2, 4, 3.
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Tyisha
29 days ago
B) 2, 1, 4, 3 makes the most sense to me. You need to identify the risks first, then set up the policies, evaluate the impact, and monitor them. Seems logical.
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Brynn
1 months ago
Hmm, I think the correct order is C) 1, 2, 4, 3. Gotta establish the policies first, then identify the risks, evaluate them, and monitor them. Simple as that!
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Gerald
6 days ago
Monitoring risks on an ongoing basis is important to ensure the organization stays on top of potential issues.
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Jodi
12 days ago
Yeah, I agree. Identifying risks early on and evaluating them in order of likelihood and impact is key.
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Dawne
19 days ago
I think you're right, C) 1, 2, 4, 3 makes sense. Establishing policies first is crucial.
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