MCT Risk

1. A process is defined, among other things, by its:

• Purpose
• Strategy
• Documents and records
• Owner
• Outputs

2. The process is:

• Any support allowing the processing of information
• The one who procures a product
• The one who receives a product
• Activities that transform inputs into outputs

3. The two sides of the risk coin are:

• Risks and threats
• Strengths and weaknesses
• Risk and opportunities
• Threats and opportunities

4. Risk:

• Is inevitable
• Is intrinsic to any activity
• Can be eliminated
• Cannot be eliminated
• Can be reduced

5. According to ISO Guide 73 version 2009 the risk is:

• Effect of uncertainty on the achievement of objectives
• Combination of the probability of an event and its consequence
• Combination of the probability of occurrence of harm and the severity of that harm
• Effect of uncertainty