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EXIN Management of Risk Foundation Sample Questions:

1. Which is a use of the risk management policy in the 'identify - context' step for an activity?

A) Identifying the activity-specific categories to be used for grouping risks
B) Recording departures from the risk management process guide
C) Defining the records to be used
D) Providing guidance on setting risk tolerance thresholds

2. Which is a purpose of using a risk maturity model?

A) Show to which organizational activities risk management should be applied
B) Provide independent risk information at key decision points within a programme or project
C) Identify where the application of risk management within an organization can be improved
D) Understand the nature of risks facing an organization and the actions needed to respond

3. Which specialism has been developed to offer business as usual in the quickest possible time in the event of an emergency?

A) Incident and crisis management
B) Business continuity management
C) Reputational risk management
D) Health and safety management

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

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

5. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that organizations learn from their mistakes.

A) creates a supportive culture
B) provides clear guidance
C) achieves measurable value
D) facilitates continual improvement

Solutions: