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EXIN Management of Risk Foundation Sample Questions:

1. What is the purpose of using an M_o_R'health check'?

A) Show which organizational activities that risk management should be applied to
B) Examine an organization's current risk management practices to identify areas for improvement
C) Understand the nature of risks facing an organization and the actions needed to respond
D) Provide alternative assurance and approval processes at key decision points within a programme

2. Identify the missing word in the following sentence, The focus of risk management at the [ ? ] perspective is delivering a defined business product through a temporary organization. .

A) programme
B) operational
C) project
D) strategic

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

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

4. Which describes the 'reduce a threat' risk response option?

A) Remove the cause of the threat
B) Obtain an insurance policy to cover the impact should the risk occur
C) Perform an action to minimise the impact and/or probability of the risk
D) Partake in a pain/gain contract with another party for the specified risk

5. What step is used to determine the likelihood of a risk occurring?

A) Identify-context
B) Assess - evaluate
C) Identify - risks
D) Assess - estimate

Solutions: