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EXIN Management of Risk Foundation Sample Questions:

1. Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?

A) Having a board-level sponsor defined and communicated to all staff
B) Having risk delivery linked to performance objectives
C) Communicating risk management successes
D) Undertaking qualitative and quantitative assessment of risks

2. Which is recorded in the'risk register'?

A) Threats and opportunities
B) Organizational risk appetite and capacity
C) Events that have already occurred
D) Risk management practices within an organization

3. Which is a benefit of effective risk management?

A) Eliminates risk-taking within an organization
B) Organizations are better prepared to recover from unplanned incidents
C) Successful completion of all change activities
D) Guarantees business benefits will be delivered

4. Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.

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

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

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

Solutions: