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EXIN Management of Risk Foundation Sample Questions:

1. 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

2. How is the risk progress report used in the'implement' step?

A) Identify the scales used to measure the probability and impact of a risk
B) Gain agreement for the amount of risk that can be taken
C) Identify the status against the activity's stated measures for risk management
D) Describe actions to enhance how risk management is performed

3. What principle promotes dialogue with affected parties in a timely manner to help achieve organizational objectives?

A) Fits the context
B) Aligns with objectives
C) Engages stakeholders
D) Achieves measurable value

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

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

5. What defines the threshold levels of risk exposure that when exceeded will trigger a response?

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

Solutions: