Risk Analysis Practice Exam

About Risk Analysis
Risk analysis is the process of assessing the likelihood of an adverse event occurring within the corporate, government, or environmental sector. Risk analysis is the study of the underlying uncertainty of a given course of action and refers to the uncertainty of forecasted cash flow streams, the variance of portfolio or stock returns, the probability of a project's success or failure, and possible future economic states.

Risk analysts often work in tandem with forecasting professionals to minimize future negative unforeseen effects. All firms and individuals face certain risks; without risk, rewards are less likely. The problem is that too much risk can lead to failure. Risk analysis allows a balance to be struck between taking risks and reducing them.

Why is Risk Analysis important?
Risk Analysis is a proven way of identifying and assessing factors that could negatively affect the success of a business or project. It allows you to examine the risks that you or your organization face, and helps you decide whether or not to move forward with a decision.

Benefits of a risk assessment are
•    Identify security vulnerabilities — A risk assessment will evaluate an organization’s system by considering external as well as internal threats.
•    Determine new security requirements
•    Justify spending — The details of a risk assessment can help an organization to understand the financial risks of potential security exploitations.
•    Make smart purchases — The information a risk assessment provides can help an organization budget for security appropriately.
•    Improve planning — An organization must understand its current security risks in order to plan the architecture of its network for the future.
•    Document due diligence — A risk assessment and resulting remediation can also validate an organization’s efforts to enforce proper security measures.
•    Educated employees — A risk assessment has the added value of increasing employee awareness of security measures and risks.
•    Increased motivation — The fact that a risk assessment is underway at an organization demonstrates to its employees that security is a significant concern; the company acts like it is and, so, employees must follow suit.
•    Improved communication and decision-making
•    Boost productivity

Who should take the Risk Analysis Exam?
•    Risk management professionals
•    Compliance professionals
•    Risk Advisors and consulting firms
•    Auditors
•    Internal controls professionals
•    CFA / FRM / CA / ACCA / CAMS or Finance students
•    Business owners
•    Entrepreneurs
•    Innovators
•    Anyone who wants to assess their risk compliance or management skills
•    Risk compliance or management consultants
•    Professionals working in outsourced companies responsible for risk compliance or management
•    Anyone interested in risk compliance or management
•    Students

Knowledge and Skills required for the Risk Analysis

Specific skills are needed to excel in career of risk analysis which includes analytical bent of mind and quick learning skills.

Risk Analysis Practice Exam Objectives

Risk Analysis exam focuses on assessing your skills and knowledge in risk planning, management and assessment.

Risk Analysis Practice Exam Pre-requisite

There are no prerequisites for the Risk Analysis exam. Candidates who are well versed  in Risk Analysis can easily clear the exam.

Risk Analysis Certification Course Outline

1. Introduction to Risk Management
2. Process of Risk Management       
3. Risk Options  
4. Create a Risk Management Plan
5. Enterprise Risk Management
6. Risk Assessment Planning
7. Developing Risk Framework
8. Risk Assessment report

Exam Format and Information
Certification name – Risk Analysis Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199