General questions Flashcards
1
Q
What pattern of activities do major incidents follow?
A
1) Immediate emergency action
2) Temporary measures to continue some operations
3) permanent solution to restore previous facilities or improve them
2
Q
What does FIRM in FIRM Scorecards stand for?
A
F- Financial Risk
I - Infrastructure Risk
R - Reputation Risk
M - Market Place Risk
3
Q
What is a potential weakness in Directive controls?
A
Human Error
4
Q
What is continuity Planning?
A
An aspect of risk treatment + aims to ensure an organisation is well prepared to handle major events
5
Q
What make up the three lines of defence model?
A
Internal audit, operations and risk management team
6
Q
What is the risk management process?
A
Establish the context Identify risks Analyse risks Evaluate risks Treat risks
