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EXIN Management of Risk Foundation Sample Questions:

1. Which is used to determine 'inherent' risk exposure?

A) Effect on objectives if a risk occurs before starting to tackle risks
B) Proximity of a risk after implementation of risk response actions
C) Impact of a secondary risk if it occurs
D) Likelihood of a risk occurring after completed risk response actions

2. Identify the missing word in the following sentence. Applying the 'aligns with objectives'
principle at the [ ? ] perspective ensures risk management is responsive to changes to objectives that meet shareholder needs, reputation and demand for services.

A) project
B) programme
C) operational
D) strategic

3. What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?

A) Risk perception
B) Risk appetite
C) Risk tolerance
D) Risk capacity

4. Identify the missing words in the following sentence. Actions to [ ? ] are the source of secondary risks.

A) transform process step inputs to outputs
B) embed risk management
C) tackle risks to an organizational activity
D) improve how risk is managed

5. Which BEST describes an area of uncertainty at the programme perspective?

A) Availability of skills to deliver services to new and existing customers
B) Legislation that affects core business activities
C) Implementing new business practices across organizational boundaries
D) Schedule of business products to time and cost

Solutions: