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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
4 months 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
4 months ago
But establishing policies first makes more sense to me, so I stick with my answer.
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Amie
4 months 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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Kathrine
3 months ago
Definitely, having a clear process in place helps ensure that all risks are properly addressed.
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Chau
3 months ago
Agreed, that order seems logical. It's important to have a structured approach to risk management.
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Salena
3 months ago
I think D) 2, 4, 1, 3 makes sense. Identify first, then evaluate, establish policies, and monitor.
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Naomi
4 months ago
I disagree, I believe it is A) 1, 2, 3, 4.
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Raelene
4 months ago
I think the correct order is C) 1, 2, 4, 3.
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Tyisha
4 months 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
4 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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Devorah
3 months ago
Definitely, having a structured process like this can help mitigate risks effectively.
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Gerald
3 months ago
Monitoring risks on an ongoing basis is important to ensure the organization stays on top of potential issues.
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Jodi
4 months ago
Yeah, I agree. Identifying risks early on and evaluating them in order of likelihood and impact is key.
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Dawne
4 months ago
I think you're right, C) 1, 2, 4, 3 makes sense. Establishing policies first is crucial.
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