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EXIN Management of Risk Foundation Sample Questions:

1. Which document defines how much risk should be taken for a particular activity?

A) Risk management policy
B) Risk management strategy
C) Risk progress report
D) Risk management process guide

2. Which is identified by the use of the 'PESTLE' analysis technique?

A) Factors that may impact the activity
B) Net effect of risks identified during an activity
C) Roles and responsibilities of those involved in an activity
D) Stakeholders involved in an activity

3. Which BEST describes the 'reduce the threat' risk response option?

A) Monitoring a risk to ensure it remains within acceptable tolerance
B) Changing the planned tasks in an activity
C) Performing an action to minimise the chance of a risk impacting objectives
D) Partaking in a pain/gain contract with another party for a specified risk

4. Which is NOT a reason for carrying out an'M_o_R health check?

A) Help gain maximum value from investment in risk management
B) Provide a snapshot of the current status of identified risks
C) Review how well risk management practices have been embedded
D) Identify areas for improvement

5. What provides an analysis of trends of risks in different risk categories?

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

Solutions: