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EXIN Management of Risk Foundation Sample Questions:

1. Which is an M_o_R principle?

A) Changes the culture of risk management
B) Achieves measurable value
C) Supports organizational performance
D) Embedding and reviewing

2. Which is a purpose of 'embedding and reviewing' M_o_R?

A) Ensuring the availability of appropriate techniques used in the risk management process steps
B) Reporting on the risk response plan'
C) Assuring the appointment of risk owners
D) Maximizing the return on investment in risk management

3. What is the lack of senior management support a common barrier to?

A) Implementing the steps in the risk management process
B) Developing a risk communications plan
C) Identifying key performance indicators
D) Involving stakeholders in risk identification

4. What does a 'risk management strategy' describe?

A) Specific risk management practices that will be performed within an activity
B) Series of steps needed to implement risk management
C) Risk management policies that will be implemented throughout an organization
D) Processes required to improve risk management within an organization

5. Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities?

A) Operational
B) Project
C) Strategic
D) Programme

Solutions: