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EXIN Management of Risk Foundation Sample Questions:

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

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

2. What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour?

A) Informs decision-making
B) Achieves measurable value
C) Creates a supportive culture
D) Facilitates continual improvement

3. What is the difference between a risk and an issue?

A) A risk can impact on all activities, an issue impacts on project deliverables only
B) A risk has a negative impact on objectives, an issue has a positive impact on objectives
C) A risk may have an impact on objectives, an issue is impacting objectives now
D) A risk is impacting objectives now, an issue may have an impact on objectives

4. Which explains a use of the risk management policy in the identify context' step?

A) Describes how corporate governance will affect the risk management process
B) Identifies how past events could become sources of risk
C) Understand the maximum amount of risk that should be taken
D) Identifies changes to the organization's market

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

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

Solutions: