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EXIN Management of Risk Foundation Sample Questions:

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

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

2. 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

3. Which is a responsibility of the M_o_R senior manager role?

A) Review progress to develop the risk management policy
B) Develop risk improvement plans
C) Specify risk tolerance levels
D) Define the amount of risk that should be taken for the organization

4. Which is a responsibility of the team?

A) Identify and escalate risks
B) Ensure adequate resources are available to implement the risk management strategy
C) Run risk management workshops
D) Develop the risk improvement plan

5. Which information does the 'PESTLE analysis' technique help to discover?

A) Future developments that are at the margins of current thinking and planning
B) Risks identified on previous similar activities
C) Identification of who should communicate with key stakeholders involved in an activity
D) External factors that may have an impact on an activity

Solutions: