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EXIN Management of Risk Foundation Sample Questions:

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

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

2. Which is a purpose of using a risk maturity model?

A) Show to which organizational activities risk management should be applied
B) Identify where the application of risk management within an organization can be improved
C) Understand the nature of risks facing an organization and the actions needed to respond
D) Provide independent risk information at key decision points within a programme or project

3. Which BEST describes the 'reduce the threat' risk response option?

A) Performing an action to minimise the chance of a risk impacting objectives
B) Changing the planned tasks in an activity
C) Monitoring a risk to ensure it remains within acceptable tolerance
D) Partaking in a pain/gain contract with another party for a specified risk

4. Which defines the inherent probability of a risk?

A) Calculation of the timeframe and urgency of a risk prior to a risk response
B) Effect of the risk on the activity after implementing 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

5. What may be recorded in the risk register during the 'identify - risks' step?

A) A risk description expressed as a cause, event and effect
B) The probability and impact of an identified risk
C) An action required to mitigate an identified risk
D) The risk actionee for an identified risk response

Solutions: