peerless ERM ASSESSMENT

Assessment Form

Answer the Scenario-Based Questions

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⏰ SUBMISSION DEADLINE
29/08/2026, 23:59:00
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✍️ Instructions: Please fill in your details and answer all questions below.
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❓ Assessment Questions

Question 1

A Product team is working towards an important delivery deadline. During the project, an engineer identifies a potential system issue that could affect customers if it occurs. The issue has not yet caused any loss, so the team decides not to report it and focuses instead on meeting its delivery KPI. The team eventually meets its delivery target. Based on the ERM Framework, what should the team have done differently, and why should their risk management approach still be considered when assessing their performance?

15 pts

Question 2

According to the Enterprise Risk Management Framework, what is the distinction between a control and a mitigation action?

10 pts
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