CLL Risk Assessment & Management 3

Question 1

A risk register is most useful for which of the following purposes?

Accepted Answer

Centrally documenting identified risks, their ratings, owners, and mitigation actions

Answer

A risk register is a living document that consolidates all identified risks with their assessments, owners, and response plans in one place.

Question 2

When using a risk matrix, which combination represents the highest priority for immediate action?

Accepted Answer

High likelihood, high impact

Answer

Risks with both high likelihood and high impact fall in the red zone of a risk matrix and require the most urgent mitigation.

Question 3

Which Lean principle directly supports risk reduction by making abnormalities immediately visible?

Accepted Answer

Visual management (andon systems)

Answer

Visual management systems like andon boards surface deviations from standard in real time, enabling fast response before risks escalate.

Question 4

A Lean leader notices that corrective actions from risk events are repeatedly not sustained. Which tool best addresses this root cause?

Accepted Answer

Standardized work integrated with the corrective action

Answer

Embedding corrective actions into standardized work ensures the fix is part of the routine process rather than depending on memory or individual behavior.

Question 5

In Lean risk management, what does 'residual risk' refer to?

Accepted Answer

The risk remaining after all mitigation actions have been applied

Answer

Residual risk is the level of risk that still exists after all planned risk controls and mitigations are in place.

(CLL) Certified Lean Leader Practice Test

(CLL) Certified Lean Leader Practice Test

CLL Risk Assessment & Management 3