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EXIN Management of Risk Foundation Sample Questions:

1. Which is a responsibility of the senior team role?

A) Approve assessments of risk probability, impact and proximity
B) Agree the timing of risk progress reports for an activity
C) Specify the required budget to fund risks
D) Document the importance of risk management towards achieving organizational objectives

2. Identify the missing words in the following sentence. Actions to [ ? ] are the source of secondary risks.

A) improve how risk is managed
B) transform process step inputs to outputs
C) tackle risks to an organizational activity
D) embed risk management

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

A) Understand the organization's approach to managing risk
B) Obtain information about the external factors that may affect the planned activity
C) Gather information about threats to the organization that may reduce the likelihood of the activity succeeding
D) Calculate the total risk exposure to the activity

4. Which statement describes the'avoid a threat' risk response option?

A) Perform an action to minimise the impact of the risk should it occur
B) Remove the cause of the threat
C) Partake in a pain/gain contract with another party for the specified risk
D) Obtain an insurance policy to cover the impact should the risk occur

5. What document describes how risk management activities relate to the achievement of strategic objectives?

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

Solutions: