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EXIN Management of Risk Foundation Sample Questions:

1. Which defines the inherent probability of a risk?

A) Likelihood of an issue occurring before implementing a risk response
B) Effect of the risk on the activity after implementing a risk response
C) Chance of a risk occurring before implementing a risk response
D) Calculation of the timeframe and urgency of a risk prior to a risk response

2. Which information does the 'PESTLE analysis' technique help to discover?

A) Risks identified on previous similar activities
B) Future developments that are at the margins of current thinking and planning
C) Identification of who should communicate with key stakeholders involved in an activity
D) External factors that may have an impact on an activity

3. Which is a purpose of using a risk maturity model?

A) Identify where the application of risk management within an organization can be improved
B) Provide independent risk information at key decision points within a programme or project
C) Understand the nature of risks facing an organization and the actions needed to respond
D) Show to which organizational activities risk management should be applied

4. 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

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

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

Solutions: