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EXIN Management of Risk Foundation Sample Questions:

1. 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

2. Identify the missingword(s) in the following sentence. The risk [ ? ] used during the 'implement' step compares the performance of response actions with their planned outcomes.

A) progress report
B) response plan
C) register
D) management strategy

3. What document provides a record of the risks identified for a particular activity?

A) Risk progress report
B) Risk management strategy
C) Risk improvement plan
D) Risk register

4. Which is NOT a purpose of 'embedding and reviewing M_o_R'?

A) Reviewing risk descriptions as a result of changes to the context
B) Assessing the implementation of risk management
C) Identifies the opportunities for updating existing risk management practices.
D) Improving the risk culture of an organization

5. Which is identified by use of the 'SWOT analysis' technique?

A) Factors that may impact the objectives of an activity
B) Stakeholders involved in an activity
C) Roles and responsibilities of those involved in an activity
D) Net effect of risks on the objectives of an activity

Solutions: