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EXIN Management of Risk Foundation Sample Questions:

1. Which is provided by the 'M_o_R principles'?

A) Criteria used to measure the development of risk management
B) Guidance for the design of a risk management approach
C) Inputs, outputs, tasks and techniques needed to implement risk management
D) Design for an organization's corporate governance policy

2. What document provides a record of the risks identified for a particular activity?

A) Risk management strategy
B) Risk register
C) Risk progress report
D) Risk improvement plan

3. What step is used to determine the likelihood of a risk occurring?

A) Assess - estimate
B) Identify - risks
C) Assess - evaluate
D) Identify-context

4. Which step has a goal of checking the success of risk responses?

A) Assess-estimate
B) Implement
C) Assess - evaluate
D) Plan

5. Which is a benefit of effective risk management?

A) Removes the organization's need to take risks
B) Activity plans are agreed before the activity commences
C) Guarantees business benefits will be delivered
D) Staff members are better prepared to respond to incidents

Solutions: