Free GAQM ISO-31000-CLA Exam Actual Questions

The questions for ISO-31000-CLA were last updated On Mar 24, 2025

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Question No. 1

Inclusiveness is another critical attribute of good risk management.

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Correct Answer: A

Inclusiveness is another critical attribute of good risk management. Inclusiveness helps to ensure that different perspectives, knowledge, and values are considered in risk management.


Question No. 2

Which plan provides a roadmap on how the treatment options will be deployed?

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Correct Answer: D

Treatment plan provides a roadmap on how the treatment options will be deployed3. Treatment plan helps to define the objectives, scope, responsibilities, resources, timeframe, and monitoring mechanisms for implementing risk treatment actions.


Question No. 3

Hopkin states ''most standard definitions of risk refer to risks being attached to corporate objectives''. What is another important factor to consider when linking risk to an organisation?

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Correct Answer: A

According to1, page 11, core processes are ''the activities that an organization performs in order to deliver its products or services''. They are essential for achieving the organization's objectives and creating value for its stakeholders. Therefore, core processes should be considered when linking risk to an organization.


Question No. 4

Which risk identification involves creating alternative ways to achieve an objective?

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Correct Answer: A

According to , page 11, scenario based risk identification involves ''creating different scenarios based on varying assumptions about how events might unfold''. This can help explore alternative ways to achieve an objective under different circumstances.


Question No. 5

Enterprise Risk Management (ERM) is considered to have a significant difference compared with traditional risk management approaches because ERM

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Correct Answer: B

According to2, domain 1, ERM ''is a coordinated set of activities and methods that is used by organizations to manage risks across the enterprise''. It takes an integrated or holistic approach that considers all types of risks and their interrelationships across the organization's functions and levels.


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