Abbreviations and Acronyms

Question 1

The 4Cs?

Answer 1

Comfort
Cautious
Concerned
Critical

(Hopkin, figure 10.1)

Question 2

The 4Es?

Answer 2

Explore
Exit
Exploit
Exist

(Hopkin, figure 15.2)

Question 3

The 4Ns?

Answer 3

Naive
Novice
Normalized
Natural

(Hopkin, figure 24.1)

Question 4

The 4Ps?

Answer 4

People
Premises
Processes
Products

(Hopkin, table 3.2)

Question 5

The 4Ts?

Answer 5

Tolerate
Treat
Transfer
Terminate

(Hopkin, chapter 15)

Question 6

The 5Cs?

Answer 6

Clear
Concise
Coherent
Credible
Complete

(Hopkin, chapter 26)

Question 7

The 5Es?

Answer 7

Explore
Exit or Expand
Exploit
Exist

(Hopkin, figure 15.3)

Question 8

The 6Cs?

Answer 8

Cost
Coverage
Capacity
Capabilities
Claims
Compliance

(Hopkin, Chapter 17)

Question 9

The 8Rs?

Answer 9

Recognition
Rating
Ranking
Responding
Resourcing controls
Reaction Planning
Reporting
Reviewing

(Hopkin, figure 4.1)

Question 10

BCP?

Answer 10

Business Continuity Plan

Hopkin, chapter 18

Question 11

BIA?

Answer 11

Business Impact Analysis

Hopkin, chapter 18

Question 12

BPR?

Answer 12

Business Process Re-engineering

Hopkin, chapter 19

Question 13

CASE?

Answer 13

Capabilities
Activities
Standards
Ethics

(Hopkin, chapter 20)

Question 14

CEO?

Answer 14

Chief Executive Officer

Hopkin, Chapter 22

Question 15

CoCo?

Answer 15

Criteria of Control

Hopkin, figure 33.1

Question 16

CORR?

Answer 16

Customer
Offering
Resources
Resilience

(Hopkin, chapter 20)

Question 17

COSO?

Answer 17

Committee of sponsoring organisations of the Treadway committee

(Hopkin, figure 6.3)

Question 18

CRAM?

Answer 18

Communication
Relationship
Analytical
Management

(Hopkin, table 27.2)

Question 19

CRSA?

Answer 19

Control Risk Self-Assessment

Hopkin, chapter 34

Question 20

CSFSRS?

Answer 20

Customers
Staff
Financiers
Suppliers
Regulators
Society

(Hopkin, Chapter 29)

Question 21

CSR?

Answer 21

Corporate Social Responsibility

Hopkin, table 20.1

Question 22

DRP?

Answer 22

Disaster Recovery Plan

Hopkin, chapter 18

Question 23

EM3?

Answer 23

Embrace
Manage
Mitigate
Minimize

(Hopkin, chapter 3)

Question 24

FIRM?

Answer 24

Financial
Infrastructure
Reputational
Marketplace

(Hopkin, table 11.2)

Question 25

FOIL?

Answer 25

Fragmented
Organized
Influential
Leading

(Hopkin, table 24.3)

Question 26

FMEA?

Answer 26

Failure Modes Effects Analysis

Hopkin, chapter 10

Question 27

GRC?

Answer 27

Governance, Risk and Compliance

Hopkin, figure 35.2

Question 28

HAZOP?

Answer 28

Hazard and operability

Hopkin, chapter 10

Question 29

IIA?

Answer 29

Institute of Internal Auditors

Hopkin, chapter 35

Question 30

LILAC?

Answer 30

Leadership
Involvement
Learning
Accountability
Communication

(Hopkin, table 24.3)

Question 31

MADE2?

Answer 31

Mandatory
Assurance
Decision-making
Effective & Efficient core processes

(Hopkin, table 5.2)

Question 32

OECD?

Answer 32

Organisation for Economic Cooperation and Development

Hopkin table 28.1

Question 33

PACED?

Answer 33

Proportionate
Aligned
Comprehensive
Embedded
Dynamic

(Hopkin, table 5.1)

Question 34

PCDD?

Answer 34

Preventative
Corrective
Directive
Detective

(Hopkin, table 16.1)

Question 35

PDCA?

Answer 35

Plan
Do
Check
Act

(Hopkin, chapter 9)

Question 36

PESTLE?

Answer 36

Political
Economic
Social
Technological
Legal
Ethical

(Hopkin, table 11.3)

Question 37

PIML?

Answer 37

Plan
Implement
Measure
Learn

(Hopkin, Appendix C)

Question 38

PRAM?

Answer 38

Project Risk Assessment and Management

Hopkin, table 31.1

Question 39

RASP?

Answer 39

Risk Architecture, Strategy and Protocols

Hopkin, chapter 21

Question 40

RMIS?

Answer 40

Risk Management Information System

Hopkin, table 26.3

Question 41

SEE?

Answer 41

Social, Ethical and Environmental

Hopkin, chapter 20

Question 42

STOC?

Answer 42

Strategy
Tactical
Operations
Compliance

(Hopkin, chapter 3)

Question 43

SWOT?

Answer 43

Strengths, Weaknesses, Opportunities & Threats

Hopkin, chapter 10