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EXIN Management of Risk Foundation Sample Questions:

1. Which is a responsibility of the M_o_R senior team role?

A) Maintain ownership of the risk management policy
B) Ensure adequate resources are available to implement the risk management strategy
C) Ensure an escalation process is in place
D) Develop plans to improve risk management

2. Which describes the threat response option 'accept the risk'?

A) Partake in a pain/gain contract with another party for the specified risk
B) Take no action except monitor the risk to ensure it remains tolerable
C) Carry out an action to make the uncertain situation certain
D) Perform an action to minimize the impact of the risk should it occur

3. What is the difference between a risk and an issue?

A) A risk is impacting objectives now, an issue may have an impact on objectives
B) A risk may have an impact on objectives, an issue is impacting objectives now
C) A risk can impact on all activities, an issue impacts on project deliverables only
D) A risk has a negative impact on objectives, an issue has a positive impact on objectives

4. Which is a responsibility of the M_o_R senior manager role?

A) Review progress to develop the risk management policy
B) Develop risk improvement plans
C) Specify risk tolerance levels
D) Define the amount of risk that should be taken for the organization

5. Which role provides sponsorship to ensure that risk management is embraced within the organization?

A) Manager
B) Senior manager
C) Assurance
D) Risk specialist

Solutions: