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EXIN Management of Risk Foundation Sample Questions:

1. Which is a benefit of effective risk management?

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

2. Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.

A) operational
B) strategic
C) project
D) programme

3. What ensures that an organization's implementation of the M_o_R approach' and 'M_o_R process' undergoes frequent improvement to remain effective?

A) Internal controls
B) Embedding and reviewing
C) Contingency planning
D) Corporate governance

4. Which specialism has been developed to offer business as usual in the quickest possible time in the event of an emergency?

A) Health and safety management
B) Incident and crisis management
C) Business continuity management
D) Reputational risk management

5. Which action does NOT contribute to achieving the goal of the 'identify - risks' step?

A) Obtain information about the external and internal factors that may affect the planned activity
B) Understand a stakeholder's view of an activity's risk profile
C) Describe risks faced by the organization that may prevent an activity from succeeding
D) Define an activity's key performance indicators

Solutions: