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EXIN Management of Risk Foundation Sample Questions:

1. Which is recorded in the risk register in the 'identify - risks' step?

A) Responses to risks
B) Assessed probability of risks
C) Lessons learned from completed activities
D) Description of the risk

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

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

3. What step is used to determine the likelihood of a risk occurring?

A) Identify-context
B) Assess - evaluate
C) Assess - estimate
D) Identify - risks

4. Which is used in the calculation of 'inherent' risk exposure?

A) Likelihood of a secondary risk occurring
B) Proximity of a risk before risk response actions are implemented
C) Effect on objectives if a risk occurs after completed risk response actions
D) Probability of a risk before risk response actions are implemented

5. What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour?

A) Facilitates continual improvement
B) Achieves measurable value
C) Informs decision-making
D) Creates a supportive culture

Solutions: