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EXIN Management of Risk Foundation Sample Questions:

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

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

2. Which is a common barrier to implementing the risk management process?

A) Lack of an appropriate response to a risk in an activity's risk register
B) Lack of an assigned risk owner
C) Lack of a high-risk appetite at senior management level
D) Lack of policies, processes, strategies and plans

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

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

4. Which is provided by the 'M_o_R principles'?

A) Criteria used to measure the development of risk management
B) Inputs, outputs, tasks and techniques needed to implement risk management
C) Design for an organization's corporate governance policy
D) Guidance for the design of a risk management approach

5. Which is recorded in the risk response plan during the 'plan' step?

A) Actions to improve risk management
B) Actions developed to mitigate threats
C) Number of risks in different categories
D) Unmanaged risks

Solutions: