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EXIN Management of Risk Foundation Sample Questions:

1. What is an issue?

A) An uncertain event that may occur in the future
B) A relevant event that has happened requiring management action
C) An intangible artefact produced as a result of a planned activity
D) An outcome perceived as negative by one or more stakeholders

2. Which statement describes the'avoid a threat' risk response option?

A) Obtain an insurance policy to cover the impact should the risk occur
B) Partake in a pain/gain contract with another party for the specified risk
C) Perform an action to minimise the impact of the risk should it occur
D) Remove the cause of the threat

3. How is the risk register used in the'assess - estimate' step?

A) Update the residual risk exposure
B) Identify risk owners
C) Revise risk descriptions as necessary
D) Record identified risks

4. Identify the missing word in the following sentence. Applying the 'aligns with objectives'
principle at the [ ? ] perspective ensures risk management is responsive to changes to objectives that meet shareholder needs, reputation and demand for services.

A) strategic
B) programme
C) project
D) operational

5. Which is a use of a risk management maturity model?

A) Enabling organizations to benchmark their current risk management capability
B) Carrying out an enterprise wide assessment
C) Identifying areas where application of risk management can be improved
D) Checking the state of current risk management

Solutions: