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EXIN Management of Risk Foundation Sample Questions:

1. Which is a purpose of 'embedding and reviewing' M_o_R?

A) Reporting on the risk response plan'
B) Assuring the appointment of risk owners
C) Ensuring the availability of appropriate techniques used in the risk management process steps
D) Maximizing the return on investment in risk management

2. What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour?

A) Achieves measurable value
B) Informs decision-making
C) Creates a supportive culture
D) Facilitates continual improvement

3. Which is a purpose for carrying out an'M_o_R health check'?

A) Identify the number of risks emerging in different risk categories
B) Provide a snapshot of the current status of identified risks
C) Examine future developments that may affect an organization's level of exposure to risk
D) Review how well risk management practices have been embedded

4. What is a threat?

A) An uncertain event that could have a favourable impact on objectives
B) An uncertain event that could have a negative impact on objectives
C) An event that has occurred resulting in a favourable impact on objectives
D) An event that has occurred resulting in a negative impact on objectives

5. Which is a responsibility of the team?

A) Ensure adequate resources are available to implement the risk management strategy
B) Run risk management workshops
C) Develop the risk improvement plan
D) Identify and escalate risks

Solutions: