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EXIN Management of Risk Foundation Sample Questions:

1. What is the lack of senior management support a common barrier to?

A) Developing a risk communications plan
B) Implementing the steps in the risk management process
C) Involving stakeholders in risk identification
D) Identifying key performance indicators

2. Which technique can be used to clarify potential sources of risks across an activity?

A) Summary risk profiles
B) Risk breakdown structure
C) Probabilistic risk models
D) Decision trees

3. Which is a benefit of effective risk management?

A) Eliminates risk-taking within an organization
B) Organizations are better prepared to recover from unplanned incidents
C) Successful completion of all change activities
D) Guarantees business benefits will be delivered

4. Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

A) Calculate the total risk exposure for the activity
B) Determine which risks are independent of other risks
C) Evaluate the effectiveness of risk management across the organization
D) Determine which other risks will occur if a risk occurs

5. Which is a responsibility of the M_o_R manager role?

A) Defines how much risk should be taken
B) Define risk tolerance thresholds
C) Ensures a risk review process is in operation
D) Prepares risk workshop materials

Solutions: