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EXIN Management of Risk Foundation Sample Questions:

1. Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.

A) plan
B) manage
C) perform
D) record

2. Which defines an'MoR health check'?

A) An approach to embed the M_o_R principles
B) A benchmarking of current capability
C) A list of actions to improve the way risk management is performed
D) A tool to identify how the application of M_o_R might be improved

3. Which information from the risk register is used during the'assess - evaluate' step to calculate the total risk exposure of an activity?

A) Identified risks resulting from a risk response action
B) The timeframe in which the risks are likely to occur
C) Exposure of the risks after completion of risk responses
D) Estimated likelihood of the risks occurring

4. Which action does NOT contribute to achieving the goal of the 'identify - risks' step?

A) Obtain information about the external and internal factors that may affect the planned activity
B) Describe risks faced by the organization that may prevent an activity from succeeding
C) Define an activity's key performance indicators
D) Understand a stakeholder's view of an activity's risk profile

5. Which is a purpose of the 'risk management policy'?

A) Explain the actions required to implement risk management
B) Describe how risk management practices will be implemented throughout an organization
C) Record information about threats and opportunities for an organizational activity
D) Define the Specific risk management activities that will be performed for an activity

Solutions: