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EXIN Management of Risk Foundation Sample Questions:

1. What is a 'central risk function'?

A) A group that acts on risks escalated from other perspectives
B) A group with formal responsibility for supporting strategic risk management
C) A group that may pose a risk to objectives through its opposition to plans
D) A group responsible for approving the funding for risk management

2. Identify the missing words in the following sentence. Actions to [ ? ] are the source of secondary risks.

A) embed risk management
B) transform process step inputs to outputs
C) improve how risk is managed
D) tackle risks to an organizational activity

3. Which sub-steps are included in the 'assess' step?

A) Plan and evaluate
B) Estimate and evaluate
C) Context and risks
D) Context and estimate

4. Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?

A) Having a board-level sponsor defined and communicated to all staff
B) Undertaking qualitative and quantitative assessment of risks
C) Having risk delivery linked to performance objectives
D) Communicating risk management successes

5. Identify the missingword(s) in the following sentence. The risk [ ? ] used during the 'implement' step compares the performance of response actions with their planned outcomes.

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

Solutions: