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EXIN Management of Risk Foundation Sample Questions:
1. Which sub-steps are included in the 'assess' step?
A) Estimate and evaluate
B) Plan and evaluate
C) Context and estimate
D) Context and risks
2. What is the goal of the 'assess - estimate' step?
A) Identify the threats and opportunities facing the organizational activity
B) Determine the risks with the greatest effect on an activities objectives
C) Assess the effectiveness of the risk management processes within an organization
D) Estimate and agree the budget required to manage risks to the activity
3. What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?
A) Facilitates continual improvement
B) Achieves measurable value
C) Provides clear guidance
D) Informs decision making
4. Which information is NOT found in the risk management process guide?
A) How to use an issue register
B) Which templates are to be used on a project
C) Where to find a blank risk register
D) Why standard forms should be used
5. Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?
A) Fits the context
B) Aligns with objectives
C) Informs decision-making
D) Provides clear guidance
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
