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EXIN Management of Risk Foundation Sample Questions:

1. Which risk response option'takes the chance' that the risk will occur, with its full impact if it did?

A) Accept the risk
B) Prepare contingent plans
C) Share the risk
D) Transfer the risk

2. What is the difference between a risk and an issue?

A) An issue impacts on quality, a risk impacts on benefits
B) An issue has a short time-scale proximity and risk has medium- or long-term proximity
C) A risk can impact on all activities, an issue impacts on project deliverables only
D) An Issue is a risk that has occurred, a risk is yet to occur

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

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

4. Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?

A) Developing plans to improve the overall efficiency of the organization
B) Delivering defined business change products within budget and on time
C) Maintaining the appropriate levels of service delivery to new and existing customers
D) Implementing business strategy to improve organizational performance

5. What is the purpose of using an M_o_R'health check'?

A) Examine an organization's current risk management practices to identify areas for improvement
B) Show which organizational activities that risk management should be applied to
C) Provide alternative assurance and approval processes at key decision points within a programme
D) Understand the nature of risks facing an organization and the actions needed to respond

Solutions: