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EXIN Management of Risk Foundation Sample Questions:

1. Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

A) Calculate the total risk exposure for the activity
B) Determine which risks are independent of other risks
C) Evaluate the effectiveness of risk management across the organization
D) Determine which other risks will occur if a risk occurs

2. Which perspective ensures risk management maintains a view of the adequacy of controls that support service delivery to satisfy the fits the context principle?

A) Programme
B) Strategic
C) Project
D) Operational

3. Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?

A) Risk management strategy
B) Risk register
C) Risk progress report
D) Risk response plan

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

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

5. Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?

A) Aligns with objectives
B) Provides clear guidance
C) Fits the context
D) Informs decision-making

Solutions: