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EXIN Management of Risk Foundation Sample Questions:

1. Which describes the 'reduce a threat' risk response option?

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

2. Which is a goal of the 'assess - evaluate' step?

A) Obtain information about the external factors that may affect the planned activity
B) Understand the organization's approach to managing risk
C) Calculate the total risk exposure to the activity
D) Gather information about threats to the organization that may reduce the likelihood of the activity succeeding

3. Which is a goal of the 'assess - evaluate' step?

A) Assess and evaluate the effectiveness of procedures for managing risks
B) Calculate the net effect of risks facing the activity
C) Evaluate the net cost of planned risk responses
D) Evaluate the impact, probability and how soon risks might occur

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

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

5. What objectives are associated with decisions on risks to the achievement of long-term goals?

A) Operational
B) Project
C) Strategic
D) Programme

Solutions: