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EXIN Management of Risk Foundation Sample Questions:

1. Which explains a use of the risk management policy in the identify context' step?

A) Understand the maximum amount of risk that should be taken
B) Identifies how past events could become sources of risk
C) Identifies changes to the organization's market
D) Describes how corporate governance will affect the risk management process

2. What objectives are associated with decisions on risks to the achievement of long-term goals?

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

3. Which is a common barrier to implementing the risk management process?

A) Lack of an assigned risk owner
B) Lack of a high-risk appetite at senior management level
C) Lack of policies, processes, strategies and plans
D) Lack of an appropriate response to a risk in an activity's risk register

4. Which is used in the calculation of 'inherent' risk exposure?

A) Proximity of a risk before risk response actions are implemented
B) Effect on objectives if a risk occurs after completed risk response actions
C) Probability of a risk before risk response actions are implemented
D) Likelihood of a secondary risk occurring

5. Which is a method for obtaining senior management commitment and support for understanding and managing risk?

A) Escalating risks from the programme, project or operational perspectives to higher levels as required
B) Ensuring the risk management function has a direct reporting line to a senior executive
C) Making formal assessments of management of risk implementation in areas of concern
D) Developing management of risk guidance handbooks and training materials

Solutions: