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Risk

This test is addressed to professionals that wish to achieve full understanding of the process for managing risk. The test examines the knowledge on issues such as the interpretation and description of the framework of risk management based on the 11 principles of risk management, identifying, evaluating and categorizing risks, tools like Balanced Scorecard, SWOT-Analysis or Parameter Diagrams and typical risk management templates (e.g. likelihood  and consequences ranges, risk matrix and risk treatment plans). There is no requirement for prior experience in order to take the test.

 

1. EXAMINATION TIME

 All applicants will be allowed one (1) hour to complete the online examination.

All applicants will receive warnings at the following intervals:

 

 

Once the time has expired, the system will save and submit all data and the applicant will automatically be logged off the system. All questions must be answered in the given time.

 

2. EXAMINATION FORMAT

 Applicants will be presented with a series of multiple choice questions as well as True or False questions that tests the applicant’s knowledge on relevant subject matter. The test includes thirty (30) questions that require that you choose the answer (a, b, c, d, e or True/False depending on the question) which you think is the best. Applicants are suggested not to use external aid at the time of the examination.

 

3. PASSING GRADE

 The passing score is 50%.

Applicants failing to meet this minimum score may re-take the test after a period of one (1) week.

All questions are equally marked. Negative marking or formula scoring is not applied.

 

4. RELEVANT SCHEMES

 This test is required for the Risk Management Expert Certification Scheme as well as for the Risk Management Expert Auditor/Lead Auditor Scheme.

 

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