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Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
1. During implementation, you created a risk object and successfully mapped it to a control object. The client's Risk Owner is able to access the risk but not the control.
Why did this happen?
A) The risk and control objects are inactive and need to be made active.
B) The Risk Administrator needs to run the synchronize jobs to populate the mapping.
C) The Risk Owner role does not have the right privileges.
D) The Risk Owner account is inactive.
2. After generating an XML file export of Advanced Controlsperspectives, you receive a message that the export job has been generated.
What are the three steps you need to perform in order to download and review the formatted export file?
(Choose three.)
A) Click the Export File button.
B) Click the Item Results link.
C) Open with an XML editor, such as Excel.
D) Open with an HTML editor.
E) Navigate to Monitor Jobs and click the message link for the export job.
3. Youhave created a risk definition R100 and have created a new control C100 for this risk. No user has been assigned the Risk or Control reviewer and approver roles. What will be the state of R100 and C100 after submitting?
A) Both R100 and C100 will be in the "In Review" state.
B) Both R100 and C100 will be in the "New" state.
C) Both R100 and C100 will be in the "Awaiting Approval" state.
D) Both R100 and C100 will be in the "Approved" state.
4. The control manager needs to associate an existing test plan to an additional assessment type,Audit Test. The existing test plan is associated only with the Design Review assessment type.
How can this be accomplished?
A) The control manager should create a new test plan with Audit Test and Design Review as assessment types.
B) The control manager does not need to update the control because any initiated assessment will include all control test plans.
C) The control's testplan should be updated to include both Audit Test and Design Review as assessment types.
D) The control's test plan should be updated to Audit Test as the assessment type.
5. How do you associate a risk to a control?
A) On the Related Controls tab of risk definition, add the control.
B) To associate a controlto a risk, the control needs to be in the Review state.
C) The only way to create risk-control associations is through data import.
D) In the related object section of process definition, add the control to the risk.
E) On the Related Objects tab of control definition, add the risk.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,C,E | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |
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