Analysis of Risk
This Study Guide has been prepared to enhance your learning experience. It contains all of the Check-In questions, Knowledge Checks, and Self-Quizzes contained within the course, along with an Answer Key and Glossary. Use it as a tool to help practice and assess your knowledge of the course material, but do not mistake it for a comprehensive “short-cut” to preparing for the final exam.
Be sure to take a look at the section, “Appendix,” that follows the Answer Key in this Study Guide. It contains valuable suggestions for test preparation and study techniques, as well as some sample exam questions and a glossary of terms.
Your path to success in passing the final exam will come from your attentiveness during the course and the effort you put into preparation.
Sample Test Questions
Section 1 – Introduction to Analysis in Risk Management
This video explores the uses of risk modeling and how risk managers use it to make informed decisions.
Section 2 – Qualitative Analysis
Twane Duckworth, JD, MS_RMI, CIC, ARM, Uncertainty that may be either positive or negative arising from a given set of circumstances. Common definitions also include: 1) chance or probability of loss, 2) uncertainty concerning loss, 3) possibility of a variation of outcomes from a given set of circumstances, and 4) difference between expected losses and actual losses. More Manager for the City of Garland Texas, explains how not all risk management decisions are based on crunching the numbers and doing a financial or quantitative analysis.
Section 3 – Quantitative Analysis Tools
Quantitative Analysis Tools
This video illustrates the way a risk manager uses the various Quantitative Tools.
Section 4 – Quantitative Analysis Forecasting
Quantitative Analysis Forecasting
Forecasting becomes an essential responsibility for practicing risk managers. Learn how it is applied in real-life situations.
Section 5 – TVOM Concepts and Risk Management Decisions
TVOM Concepts and Risk Management Decisions
Today’s dollar is worth more than a dollar in the future. Learn why these tools allow the risk manager to make decisions on risk management initiatives and their cost-benefit to the organization.