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EXIN Management of Risk Foundation Sample Questions:

1. Which BEST describes an area of uncertainty at the programme perspective?

A) Operational activities that may affect the organizational reputation
B) Interdependences between business change initiatives
C) Changes to customer requirements for business products
D) Ability of the infrastructure to meet the required level of service

2. Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?

A) Aligns with objectives
B) Informs decision-making
C) Fits the context
D) Provides clear guidance

3. Which describes the risk response option'share the risk'?

A) Partake in a pain/gain contract with another party for the specified risk
B) Carry out an action to make the uncertain situation certain
C) Obtain an insurance policy to cover the impact should the risk occur
D) Perform an action to minimise the impact of the risk should it occur

4. Which is a common barrier to implementing the risk management process?

A) Lack of policies, processes, strategies and plans
B) Lack of a high-risk appetite at senior management level
C) Lack of an assigned risk owner
D) Lack of an appropriate response to a risk in an activity's risk register

5. Which is an M_o_R principle?

A) Changes the culture of risk management
B) Embedding and reviewing
C) Achieves measurable value
D) Supports organizational performance

Solutions: