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EXIN Management of Risk Foundation Sample Questions:

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

A) Evaluate the net cost of planned risk responses
B) Evaluate the impact, probability and how soon risks might occur
C) Assess and evaluate the effectiveness of procedures for managing risks
D) Calculate the net effect of risks facing the activity

2. Which is a primary step within the 'M_o_R process'?

A) Control
B) Assess
C) Embed
D) Manage

3. Which is recorded in the risk response plan during the 'plan' step?

A) Actions developed to mitigate threats
B) Unmanaged risks
C) Number of risks in different categories
D) Actions to improve risk management

4. Which is a purpose of using a risk maturity model?

A) Identify where the application of risk management within an organization can be improved
B) Understand the nature of risks facing an organization and the actions needed to respond
C) Show to which organizational activities risk management should be applied
D) Provide independent risk information at key decision points within a programme or project

5. Which is a responsibility of a 'risk actionee'?

A) Develop strategies to improve the management of risk
B) Manage all aspects of an assigned risk
C) Perform a risk response action to respond to a particular risk
D) Identify risks that might occur to activities in their department

Solutions:

Question # 1 Answer: D

Question # 2 Answer: B

Question # 3 Answer: A

Question # 4 Answer: A

Question # 5 Answer: C