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EXIN Management of Risk Foundation Sample Questions:

1. What provides a comparison of completed risk response actions with planned outcomes?

A) Risk management strategy
B) Risk progress report
C) Risk improvement plan
D) Risk response plan

2. Which is a responsibility of the M_o_R senior team role?

A) Ensure adequate resources are available to implement the risk management strategy
B) Maintain ownership of the risk management policy
C) Develop plans to improve risk management
D) Ensure an escalation process is in place

3. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that the identification of risks is thorough.

A) facilitates continual improvement
B) provides clear guidance
C) engages stakeholders
D) creates a supportive culture

4. What is an opportunity?

A) An uncertain event that could have a favourable impact on objectives or benefits
B) An event that has occurred resulting in a favourable impact on objectives or benefits
C) An event that has occurred resulting in a negative impact on objectives or benefits
D) An uncertain event that could have a negative impact on objectives or benefits

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

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

Solutions: