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EXIN Management of Risk Foundation Sample Questions:

1. Which defines the inherent probability of a risk?

A) Likelihood of an issue occurring before implementing a risk response
B) Chance of a risk occurring before implementing a risk response
C) Calculation of the timeframe and urgency of a risk prior to a risk response
D) Effect of the risk on the activity after implementing a risk response

2. How is the risk progress report used in the'implement' step?

A) Describe actions to enhance how risk management is performed
B) Identify the scales used to measure the probability and impact of a risk
C) Gain agreement for the amount of risk that can be taken
D) Identify the status against the activity's stated measures for risk management

3. Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.

A) manage
B) record
C) plan
D) perform

4. What document separately describes the steps required to implement risk management within an organization?

A) Risk management policy
B) Business continuity plan
C) Risk management process guide
D) Risk management strategy

5. Which describes 'residual' risk exposure?

A) Chance of a risk occurring before risk response actions commence
B) Probability of a secondary risk occurring
C) Proximity of a risk before risk response actions are completed
D) Effect on objectives if a risk occurs after implementing risk response actions

Solutions: