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EXIN Management of Risk Foundation Sample Questions:

1. Which perspective is concerned with decisions about risks to long-term objectives that may not become apparent until well into the future?

A) Operational
B) Project
C) Programme
D) Strategic

2. Which describes the risk response option'share the risk'?

A) Perform an action to minimise the impact of the risk should it occur
B) Obtain an insurance policy to cover the impact should the risk occur
C) Carry out an action to make the uncertain situation certain
D) Partake in a pain/gain contract with another party for the specified risk

3. Which is a purpose of the 'risk management policy'?

A) Describe how risk management practices will be implemented throughout an organization
B) Record information about threats and opportunities for an organizational activity
C) Define the Specific risk management activities that will be performed for an activity
D) Explain the actions required to implement risk management

4. What step is used to determine the likelihood of a risk occurring?

A) Identify-context
B) Assess - evaluate
C) Identify - risks
D) Assess - estimate

5. Identify the missing words in the following sentence.
The [ ? ] technique is used to measure the net effect of the threats and opportunities facing an activity.

A) summary expected value assessment
B) impact assessment
C) summary risk profile
D) cost-benefit analysis

Solutions: