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Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:
1. When validating imported data, the control manager at your client has identified anincorrect Risk-Control mapping; that is, Control A was mapped incorrectly to Risk B instead of Risk A.
What needs to be done to fix the mapping?
A) Option A
B) Option D
C) Option C
D) Option B
2. You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the numberof incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?
A) Mean
B) Anomaly Detection
C) Absolute Deviation
D) Pareto
E) Clustering
3. Which two should youdetermine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)
A) Identify lookupvalues that need to be created for Control, Risk, and Issue Type fields.
B) Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
C) Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.
D) Identify users who will be responsible for creating andmaintaining controls and/or risks.
4. You completed the data migration successfully. You created 100 controls, an Organization Perspective, and relationship of controls to the Organization Perspective. All controls are related to one perspective item. The Control Manager logs in to the application to view the new controls, yet there are none available for his or her review.
Identify three reasons for this. (Choose three.)
A) No risks were mappedto the imported controls.
B) There was no Control Type associated with the controls.
C) The Perspective Hierarchy is not in the Approved state.
D) The Perspective Hierarchy was not associated to the Control Object.
E) The Control Manager was not given the correct data security policy to access the controls.
5. A Control Manager has changed the status ofan issue to "In Remediation" and has submitted it.
What will be the state of the Issue if there is no issue validator, reviewer, or approver configured?
A) Active
B) In Review
C) In Edit
D) Approved
E) Reported
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A,B | Question # 4 Answer: A,B,E | Question # 5 Answer: E |








