Cpfo risk management Study guides, Class notes & Summaries

Risk - chance of loss, associated with delivery of public services Risk Management Program Benefits an effective risk management program highlights better ways to prevent and pay for accidental losses, greatly eliminating concerns over the consequences associated with a governments future project. - 1. Allows for a more effective use of government funds. 2. increases worker productivity (preventing worksite accidents. 3. Reduces uncertainties associated with future projects, including budg...

CPFO Examination- Pensions schemes Exam Questions and Answers Investment Policy Functions - Correct Answer-1. Statement of goals 2. Articulating the investment philosophy and risk tolerance 3. Demonstrates due diligence b/c the system follows a prudent set of procedures 4. Established internal controls 5. Provides guidance to staff and third parties 6. Risk management tool

What is Risk? - The chance of loss. What is Operational Risk? - Risks encountered in the course of delivering government services. What is Speculative Risk? -Risks associated with investments. What is the goal of risk management? - 1 to create a safe workplace; 2 to prevent catastrophic financial loss; 3 to provide budgetary stability What are the benefits of a risk management program? - 1 allows for more effective use of govt funds (than to buy insurance, property replacement, paying liab...

CPFO Examination- Pensions schemes Exam Questions and Answers Investment Policy Functions - Correct Answer-1. Statement of goals 2. Articulating the investment philosophy and risk tolerance 3. Demonstrates due diligence b/c the system follows a prudent set of procedures 4. Established internal controls 5. Provides guidance to staff and third parties 6. Risk management tool

CPFO RISK ASSESSMENT PRACTICE TEST EXAM 2024 WITH 100% CORRECT ANSWERS Risk Treatment is: - correct answer After identifying and evaluating risk exposures, the next step is to decide how best to manage the exposures. Risk Identification is: - correct answer An essential component in identifying risk by understanding the sources, types, and likelihood of risk. Specification of Objectives, Identification of Risks, Alertness to Potential Fraud, and Identification and Assessment of Change...

CPFO Examination- Pensions schemes Investment Policy Functions - Correct Answer-1. Statement of goals 2. Articulating the investment philosophy and risk tolerance 3. Demonstrates due diligence b/c the system follows a prudent set of procedures 4. Established internal controls 5. Provides guidance to staff and third parties 6. Risk management tool Typical Provisions of an Investment Policy - Correct Answer-1. Statement of goal(s), purpose, or mission 2. Identification of decision maker(s...