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EXIN Management of Risk Foundation Sample Questions:
1. Which action does NOT contribute to achieving the goal of the 'identify - risks' step?
A) Define an activity's key performance indicators
B) Describe risks faced by the organization that may prevent an activity from succeeding
C) Obtain information about the external and internal factors that may affect the planned activity
D) Understand a stakeholder's view of an activity's risk profile
2. Identify the missing words in the following sentence. Because organizations [ ? ] they need to use the environmental risk management' specialism.
A) are concerned about stakeholder perceptions
B) fail to deliver minimum standards
C) face financial penalties for polluting waterways
D) see brand and reputation as key assets
3. Which is a goal of the 'assess - evaluate' step?
A) Evaluate the net cost of planned risk responses
B) Evaluate the impact, probability and how soon risks might occur
C) Assess and evaluate the effectiveness of procedures for managing risks
D) Calculate the net effect of risks facing the activity
4. What is the lack of senior management support a common barrier to?
A) Involving stakeholders in risk identification
B) Identifying key performance indicators
C) Developing a risk communications plan
D) Implementing the steps in the risk management process
5. Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities?
A) Operational
B) Project
C) Strategic
D) Programme
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: C |
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