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EXIN Management of Risk Foundation Sample Questions:

1. Which is a benefit of effective risk management?

A) Activity plans are agreed before the activity commences
B) Removes the organization's need to take risks
C) Guarantees business benefits will be delivered
D) Staff members are better prepared to respond to incidents

2. What is corporate governance?

A) A standard set of high-level criteria against which the degree of difficulty of a proposed project is assessed
B) A sound system of internal control to ensure that effective management systems have been established to protect the organization
C) The systematic application of principles, an approach and a process to the tasks of managing risk
D) A plan for the fast and efficient resumption of essential business services

3. Which heading in a 'risk register is used to record the area of uncertainty?

A) Probability
B) Effect
C) Cause
D) Event

4. Which is recorded in the'risk register'?

A) Threats and opportunities
B) Organizational risk appetite and capacity
C) Risk management practices within an organization
D) Events that have already occurred

5. 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) strategic
C) operational
D) project

Solutions: