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EXIN Management of Risk Foundation Sample Questions:

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

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

2. Which information from the risk register is used during the'assess - evaluate' step to calculate the total risk exposure of an activity?

A) Estimated likelihood of the risks occurring
B) Exposure of the risks after completion of risk responses
C) The timeframe in which the risks are likely to occur
D) Identified risks resulting from a risk response action

3. Which action does NOT contribute to achieving the goal of the 'identify - risks' step?

A) Obtain information about the external and internal factors that may affect the planned activity
B) Define an activity's key performance indicators
C) Understand a stakeholder's view of an activity's risk profile
D) Describe risks faced by the organization that may prevent an activity from succeeding

4. Which is a benefit of effective risk management?

A) Eliminates risk-taking within an organization
B) Organizations are better prepared to recover from unplanned incidents
C) Successful completion of all change activities
D) Guarantees business benefits will be delivered

5. What is the lack of senior management support a common barrier to?

A) Involving stakeholders in risk identification
B) Implementing the steps in the risk management process
C) Identifying key performance indicators
D) Developing a risk communications plan

Solutions: