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EXIN Management of Risk Foundation Sample Questions:

1. What provides a comparison of completed risk response actions with planned outcomes?

A) Risk improvement plan
B) Risk progress report
C) Risk management strategy
D) Risk response plan

2. What step is used to determine the likelihood of a risk occurring?

A) Assess - estimate
B) Identify - risks
C) Assess - evaluate
D) Identify-context

3. Which is a benefit of effective risk management?

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

4. Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

A) Calculate the total risk exposure for the activity
B) Determine which risks are independent of other risks
C) Determine which other risks will occur if a risk occurs
D) Evaluate the effectiveness of risk management across the organization

5. What does a 'risk management strategy' describe?

A) Series of steps needed to implement risk management
B) Risk management policies that will be implemented throughout an organization
C) Processes required to improve risk management within an organization
D) Specific risk management practices that will be performed within an activity

Solutions: