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PRMIA Exam 8004 Topic 1 Question 28 Discussion

Actual exam question for PRMIA's 8004 exam
Question #: 28
Topic #: 1
[All 8004 Questions]

The Risk Management Infrastructure of an organization must:

I To the extent possible, avoid silos of control and oversight

II Have budgets set by the business unit leaders

III Actively provide ongoing professional development for risk management staff and require them to be committed to standards of best practice, conduct and ethics in their work

IV Provide general risk management and related corporate governance training for employees of the organization as a Whole

Show Suggested Answer Hide Answer
Suggested Answer: B

by Iluminada at Jul 09, 2024, 06:51 PM

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Maddie
3 months ago
I'll take 'All of the Above' for 500, Alex. Wait, wrong game show...
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Delsie
3 months ago
D, definitely. Risk management isn't just about ticking boxes, it's about creating a culture of risk awareness throughout the organization. Gotta go all-in on this one.
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Gilma
3 months ago
Yeah, I think D covers all the bases. It's about more than just following rules, it's about ingraining a mindset of risk management in everything we do.
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Glenn
3 months ago
I agree, D is the way to go. It's important to have a comprehensive approach to risk management.
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Yuki
3 months ago
I'm going to have to disagree with Jeanice. Option B covers the key elements, and I think that's the best answer. No need for all the bells and whistles.
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Mariko
3 months ago
Yeah, no need for all the extra stuff, Option B is sufficient.
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Elinore
3 months ago
I agree, Option B covers the key elements well.
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Gayla
3 months ago
I think Option B is the best choice.
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Antione
4 months ago
I think the answer is B) I, III and IV only, as these aspects are essential for a strong Risk Management Infrastructure.
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Jeanice
4 months ago
Option B seems too restrictive. I'd go with D. The organization needs a well-rounded risk management infrastructure to be effective.
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Audra
2 months ago
I agree with you both. Providing general risk management training for all employees can help create a culture of risk awareness throughout the organization.
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Bobbye
3 months ago
User 3
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Elmer
3 months ago
User 2
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Bettina
3 months ago
User 1
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Lashandra
3 months ago
I also believe that ongoing professional development for risk management staff is crucial for staying up-to-date with best practices.
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Sean
3 months ago
I think having budgets set by business unit leaders is important for accountability.
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Noemi
3 months ago
I agree, a well-rounded risk management infrastructure is essential for the organization's success.
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Lenna
4 months ago
I also believe that ongoing professional development for risk management staff is crucial for maintaining best practices.
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Caitlin
4 months ago
I think the correct answer is D. All of these are expected of the Risk Management Infrastructure. It's crucial for the organization to have a comprehensive risk management approach that avoids silos, provides ongoing training, and promotes ethical practices.
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Marleen
4 months ago
I think D is the correct answer too. It's important to have a holistic approach to risk management.
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Marleen
4 months ago
I agree, having all these aspects in the Risk Management Infrastructure is essential for the organization's success.
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Mitzie
4 months ago
I agree with Andra, it's important for the organization to have a holistic approach to risk management.
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Andra
5 months ago
I think the Risk Management Infrastructure should avoid silos of control and oversight.
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