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EXIN Management of Risk Foundation Sample Questions:

1. Which BEST describes an area of uncertainty at the programme perspective?

A) Availability of skills to deliver services to new and existing customers
B) Implementing new business practices across organizational boundaries
C) Legislation that affects core business activities
D) Schedule of business products to time and cost

2. What may be recorded in the risk register during the 'identify - risks' step?

A) An action required to mitigate an identified risk
B) A risk description expressed as a cause, event and effect
C) The probability and impact of an identified risk
D) The risk actionee for an identified risk response

3. What step is used to determine those risks which have the greatest effect on the objectives of a planned activity?

A) Assess
B) Plan
C) Identify
D) Implement

4. What is the goal of the 'assess - estimate' step?

A) Determine the risks with the greatest effect on an activities objectives
B) Estimate and agree the budget required to manage risks to the activity
C) Assess the effectiveness of the risk management processes within an organization
D) Identify the threats and opportunities facing the organizational activity

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

Solutions: