Test your knowledge on the ISO 31000 risk management standard

10 QUIZZES
on the content and understanding of the
ISO 31000 risk management standard

Organized from 1st to 15th November 2022

 Test your knowledge on the ISO 31000 risk management standard

QUIZ_1
QUIZ_1 The question

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Result

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Explanations

Extracted from the ISO 31000 certification course proposed by the G31000 Risk Institute
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A. the person responsible
INCORRECT : a person responsible is a person in charge of doing a job. A risk owner
should have the authority, the resources, and the competence to manage a set of risks.
However, for some particular risks, a risk owner might be, not only accountable, but also
responsible, if he/she is doing the job.
B. the person accountable
CORRECT : A risk owner is accountable, because he/she has the authority, the resources,
and the competence to manage a set of risks.
C. the person liable
INCORRECT : a person liable is a person who will face legal consequences associated to a
job, a decision, or the lack of them. A risk owner should have the authority, the resources,
and the competence to manage a set of risks. However, for some particular risks, a risk
owner might be liable. For example, the CEO might be liable in case of injuries or deaths
of employees, or the CFO might be liable if the accounts are fraudulent.
D. the person with authority
INCORRECT : A risk owner is the person who has the authority, the resources, and the
competence to manage a set of risks. Having the authority is important, but not enough.
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Explanations

Extracted from the ISO 31000 certification course proposed by the G31000 Risk Institute
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Detailed explanations
According to the ISO 31073 risk management vocabulary standard, the risk owner is defined
as : "person or entity with the accountability and authority to manage risk".
In this definition, there are two key words, namely accountability and authority. Now, we
need to understand the difference between accountability, responsibility, and liability. These
three words are not defined in the ISO 31073 risk management vocabulary standard. Those
familiar with the RACI technique will quickly understand that
(1) a person responsible is a person in charge of doing a job,
(2) a person accountable is a person who will need to "blame" if the job is not done or not
properly job,
(3) a person liable is a person who will face legal consequences associated to a job, a
decision, or the lack of them.
In consequence, one could eliminate option A and C. Remain B and D, because clearly a
person accountability should have the authority associated to a job or a decision.
What are the conditions, to be accountable ? There are in fact 3 conditions: Have the
authority, the resources, and the competence. Therefore, D is correct but insufficient to be
accountable. The correct answer is therefore B. 7
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Test your knowledge on the ISO 31000 risk management standard

QUIZ_2
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Result

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Extracted from the ISO 31000 certification course proposed by the G31000 Risk Institute
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Test your knowledge on the ISO 31000 risk management standard

QUIZ_3
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Test your knowledge on the ISO 31000 risk management standard

QUIZ_4
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Test your knowledge on the ISO 31000 risk management standard

QUIZ_5
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QUIZ_6
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Test your knowledge on the ISO 31000 risk management standard

QUIZ_7
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Test your knowledge on the ISO 31000 risk management standard

QUIZ_8
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Test your knowledge on the ISO 31000 risk management standard

QUIZ_9
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Test your knowledge on the ISO 31000 risk management standard

QUIZ_10
The question was…
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Total number of votes (all groups): 15,225 votes
Total number of unique voters (all groups): 4,159 voters
Nb of correct answers : 6,717 correct
Percentage of correct answers : 44% success

Top 5 groups with highest participation level

1. ISO 31000 Risk Management Standard
2. Objective-Centric Risk and Certainty Management #ORCM
3. Internal Audit and Risk Management Consultants
4. Risk.net – Operational Risk
5. Enterprise Risk Management
Groups with highest number of votes
1. ISO 31000 Risk Management Standard – 29%
2. Internal Audit and Risk Management Consultants – 35%
Participating groups (min 500 voters) with highest number of correct votes
1. ISO 31000 Risk Management Standard – 53%
2. Enterprise Risk Management– 49%
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 Results for ALL 10 QUIZZES
Top LinkedIn groups
Group #MAIN: ISO 31000 Risk Management Standard
Category : ISO 31000

Conclusion : This is the main group which combine high level of engagement,
highest knowledge on the content of the ISO 31000 risk management standard.
Eight out of nine members are among the quiz winners.

Result for all 10 quizzes :

Winners with 1 error only member of this group : 3 voters
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Winners with 2 errors only member of this group : 5 voters
 Results for ALL 10 QUIZZES
Top LinkedIn groups
Group #MAIN: ISO 31000 Risk Management Standard

Voters with 1 error only

Ben Burger

Lisa Beresford

Voters with 2 errors only

Buddy Harianto

Ihwanul Iman

Susan Young

Maria La Camera
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 Results for ALL 10 QUIZZES
Top LinkedIn groups
Group #1: Governance, Risk and Compliance Management (GRC)
Category : GRC

Conclusion : This group mainly focuses on GRC topics (no sure what it means!),
with some of their members (1%) have knowledge on the content of the ISO 31000
risk management standard. Two members are among the winners.
Result for all 10 quizzes :
Winners with 1 error only member of this group : 1 voter 48
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Winners with 2 errors only member of this group : 1 voter
 Current number of potential
winners

NOTE 2 : Duplicates removed Those having votes multiple times have been counted as 1 vote. By 49
default, only the correct vote is considered.
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 Results for ALL 10 QUIZZES
Top LinkedIn groups
Group #29: International Risk Management Institute, Inc. (IRMI)
Category : Insurance

Conclusion : Despite its name, the primarily focus of this group is insurance-
related topics. Some members (1,19%) are interested in ISO 31000 risk
management standard, but when they do, their knowledge on the standard is low.
No winners in this group.
Result for all 10 quizzes : 50
No winners in this group
 Top winners among 4,159 voters
Prices

First price

3 winners

Second price

6 winners

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Top winners among 4,159 voters
with 1 error only
Price worth $400

Lisa Beresford
Interim Head Of Risk
The Shrewsbury and Telford Hospital NHS Trust
England
https://www.linkedin.com/in/lisa-beresford-81482788/

Ben Burger, CTA 31000

Management Systems Consultant
Presentation PRO
South Africa
https://www.linkedin.com/in/ben-burger-1b0b1a5/

Debra Bealer
Financial Process Improvement Leader
Reeb Millwork
United States
https://www.linkedin.com/in/debrasbealer/ 52
 Top winners among 4,159 voters
with 2 errors only Worth $129,-

Sarah Cross
Ihwanul Iman Internal Audit Manager
Risk Management Specialist Yorkshire Building Society
PT Krakatau Daya Listrik England
Indonesia https://www.linkedin.com/in/sarah-cross-2b8666122/
https://www.linkedin.com/in/ihwanuliman/

Buddy Harianto
Regulatory Officer
Maria La Camera Suruhanjaya Tenaga
Internal Auditor Malaysia
ANAS SpA - Gruppo Ferrovie dello Stato Italiane https://www.linkedin.com/in/buddy-
Italy harianto-88114aa7/
https://www.linkedin.com/in/maria-la-camera-
29518545/

Jennifer Barbosa
Susan (Whitty) Young Director,
Chief Risk Officer
Enterprise Risk Management Services, BCLC
R&Q Insurance Holdings Ltd
United States
Canada
hhttps://www.linkedin.com/in/susan-young- https://www.linkedin.com/in/jennifer-barbosa-rims-crmp-
ba-hons-fca-sirm-mbci-rrp-pior-bfp-ab1474/ 986b531a/
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 Excellent participation
of 4,159 unique voters

Amazing achievement
from our 9 winners

Shall we organize another quiz ?

Thank you to our helpers : Tulip, Trung, Mustufa and Sikandar for their help in designing, posting and reporting the 10 -quizzes 54
 Annexes

1. Link to the 10 quizzes

2. FREE access to two standards
3. Detailed results for ALL QUIZZES
4. Categories
5. Thank you

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 1. List of our 10 QUIZZES
Links to access them on LinkedIn

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Join ISO 31000 LinkedIn group first
https://www.linkedin.com/groups/1834592/

After joining you can access….

QUIZ_1: https://www.linkedin.com/feed/update/urn:li:activity:6989607853258883072
QUIZ_2: https://www.linkedin.com/feed/update/urn:li:activity:6989959782690381824

QUIZ_3: https://www.linkedin.com/feed/update/urn:li:activity:6990362275958149120
QUIZ_4: https://www.linkedin.com/feed/update/urn:li:activity:6990760699685679104
QUIZ_5: https://www.linkedin.com/feed/update/urn:li:activity:6991089466337574912

QUIZ_6: https://www.linkedin.com/feed/update/urn:li:activity:6991409248475721728

QUIZ_7: https://www.linkedin.com/feed/update/urn:li:activity:6991829230128885760
QUIZ_8: https://www.linkedin.com/feed/update/urn:li:activity:6992154982087053312

QUIZ_9: https://www.linkedin.com/feed/update/urn:li:activity:6992538080985403392
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QUIZ_10: https://www.linkedin.com/feed/update/urn:li:activity:6993285633460875264
 2. FREE access to two standards
In collaboration with ISO and the G31000 Risk Institute

ISO 31000 Risk Management Standard ISO 31073 Risk Management

Vocabulary

Link : Link :
https://www.linkedin.com/feed/update/urn:li: https://www.linkedin.com/feed/update/urn:li:
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activity:6980630231988494336 activity:6985212823387664385
 3. Detailed results for ALL QUIZZES
from 44 LinkedIn groups

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*Manager having promoted the quiz to their group members
 Detailed results for QUIZ_10
from all LinkedIn groups

*Manager having promoted the quiz to their group members 60

 4. Categories

Assuming that we can regroup the different LinkedIn groups into categories, we
get the main participation from the following groups

Result for all 10 quizzes :

3 winners with 1 error only in category: ISO 31000
1 winner with 1 error only in category: Internal Audit
3 winners with 1 or 2 errors only in category: Risk Management 61
 5. Thank you to…
Thank you to the following LinkedIn group managers for accepting in promoting
the ISO 31000 risk management quizzes to their group members.
Alex Dali, Chris Mandel, Fred Maiden, Jessica Josselin, Junaid A, Kathy Peeling, Keshav Ram
Singhal, M. Faisal Ansari, Narender Kumar, Peter Joyce, Samuel Temitope Apanisile and Tim
Leech
We regret to acknowledge that the managers of the following LinkedIn groups
active in risk management did not post our QUIZZES, thus denying the
opportunity to its members in participating in the ISO 31000 risk management
quizzes.

We regret to inform you that the managers of the following LinkedIn groups active in
risk management have deleted some or all QUIZZES, thus denying the opportunity
to its members in participating in the ISO 31000 risk management quizzes.

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Keep learning with the
G31000 Risk Institute

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management certification
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