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EXIN Management of Risk Foundation Sample Questions:

1. What is the lack of senior management support a common barrier to?

A) Developing a risk communications plan
B) Identifying key performance indicators
C) Involving stakeholders in risk identification
D) Implementing the steps in the risk management process

2. Which information is NOT found in the risk management process guide?

A) How to use an issue register
B) Where to find a blank risk register
C) Why standard forms should be used
D) Which templates are to be used on a project

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

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

4. 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) operational
B) programme
C) strategic
D) project

5. Which defines the inherent probability of a risk?

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

Solutions: