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EXIN Management of Risk Foundation Sample Questions:

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

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

2. Which is a goal of the 'plan' process step?

A) Set the risk tolerance of an activity
B) Agree the timing of the risk communications plan
C) Choose appropriate actions to deal with risks
D) Understand an activity's pre-response risk exposure

3. Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?

A) Senior team
B) Team
C) Audit committee
D) Risk owner

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

A) Defines how much risk should be taken
B) Ensures a risk review process is in operation
C) Prepares risk workshop materials
D) Define risk tolerance thresholds

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

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

Solutions: