Explain the Concept of Risk Management in the Context of a Digital Organization (11.1, 11.2, 11.3 Including Subsections for All, Risk Management Practice 2.1 & 2.4 Including All Subsections) ITIL-4-STRATEGIC-LEADER-MODULES Practice Questions (Page 1)

Questions 1–5

1. 1foundation · easy

   What is the role of risk appetite in decision-making?

   • AIt is only relevant for financial decisions
   • BIt determines the exact outcome of every decision
   • CIt eliminates the need for risk assessment
   • DIt defines the level of risk the organization is willing to accept in pursuit of its objectives
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2. 2foundation · easy

   Which risk identification technique involves using a predefined list of common risks to check for their presence?

   • ASWOT analysis
   • BScenario analysis
   • CInterviewing
   • DChecklist analysis
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4. 3foundation · easy

   During strategy execution, what is the role of risk management?

   • ATo document risks for post-implementation review only
   • BTo transfer all risks to partners and suppliers
   • CTo ensure that all risks are avoided
   • DTo monitor and respond to risks that could affect the achievement of strategic objectives
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5. 4application · medium

   An organization is implementing the ITIL 4 risk management practice. The service manager wants to ensure that risk management is not a standalone activity but is integrated into the Service Value System. What should the service manager do?

   • AApply risk management only to the 'Improve' value chain activity.
   • BUse risk management only during the 'Plan' activity to inform strategy.
   • CEnsure that risk management activities are embedded in each service value chain activity.
   • DCreate a risk management process that runs in parallel to the service value chain.
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6. 5foundation · easy

   Which technique is commonly used to identify risks by brainstorming with a group of stakeholders?

   • ADelphi technique
   • BChecklist analysis
   • CSWOT analysis
   • DBrainstorming
   Reveal Solution Discussion Select an answer first