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EXIN Management of Risk Foundation Sample Questions:

1. Which is NOT a reason for carrying out an'M_o_R health check?

A) Identify areas for improvement
B) Review how well risk management practices have been embedded
C) Help gain maximum value from investment in risk management
D) Provide a snapshot of the current status of identified risks

2. Which is a goal of the 'assess - evaluate' step?

A) Evaluate the impact, probability and how soon risks might occur
B) Evaluate the net cost of planned risk responses
C) Calculate the net effect of risks facing the activity
D) Assess and evaluate the effectiveness of procedures for managing risks

3. Identify the missing word in the following sentence, The focus of risk management at the [ ? ] perspective is delivering a defined business product through a temporary organization. .

A) programme
B) strategic
C) project
D) operational

4. Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?

A) Communicating risk management successes
B) Having risk delivery linked to performance objectives
C) Having a board-level sponsor defined and communicated to all staff
D) Undertaking qualitative and quantitative assessment of risks

5. Which document defines how much risk should be taken for a particular activity?

A) Risk progress report
B) Risk management strategy
C) Risk management policy
D) Risk management process guide

Solutions: