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Which risk management approach involves aggregating risk indicators from business drivers, and which involves developing hypothetical events for specific business activities?
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4 stepsPart 1· 2 steps
(Scorecard approach)
Identify the nature of the scorecard approach.
The scorecard approach aggregates risk indicators from high-level business drivers to estimate overall operational risk.
Match to options.
It is typically classified as a top-down approach.
Answer: 4
4
Part 22
(Scenario analysis)
Identify the nature of scenario analysis.
Scenario analysis involves developing detailed hypothetical events for specific business activities or processes.
Match to options.
This focuses on granular, specific risks, which is a micro level.
Answer: 2
2
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