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

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

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

3. Which is a benefit of effective risk management?

A) Guarantees business benefits will be delivered
B) Improves the probability of achieving objectives
C) Increases the number of risks that may occur for an activity
D) Eliminates risk to an activity

4. What is the difference between a risk and an issue?

A) A risk is impacting objectives now, an issue may have an impact on objectives
B) A risk may have an impact on objectives, an issue is impacting objectives now
C) A risk has a negative impact on objectives, an issue has a positive impact on objectives
D) A risk can impact on all activities, an issue impacts on project deliverables only

5. 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) Health and safety management
D) Reputational risk management

Solutions: