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EXIN Management of Risk Foundation Sample Questions:

1. Which can be used to measure the impact a risk management awareness programme has on an organization?

A) Benchmarking
B) Brainstorming
C) Gateway reviews
D) Risk questionnaires

2. Which is a method for obtaining senior management commitment and support for understanding and managing risk?

A) Developing management of risk guidance handbooks and training materials
B) Making formal assessments of management of risk implementation in areas of concern
C) Escalating risks from the programme, project or operational perspectives to higher levels as required
D) Ensuring the risk management function has a direct reporting line to a senior executive

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

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

4. What step is used to determine the time period when a risk might occur?

A) Assess - evaluate
B) Identify - risks
C) Identify-context
D) Assess - estimate

5. Which is a responsibility of the M_o_R risk specialist role?

A) Review progress to develop the risk management policy
B) Ensure that risk management strategies have been created
C) Establish how risk management will be integrated with performance management
D) Develop plans to improve risk management

Solutions:

Question # 1 Answer: A

Question # 2 Answer: D

Question # 3 Answer: A

Question # 4 Answer: D

Question # 5 Answer: D