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EXIN Management of Risk Foundation Sample Questions:

1. Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process.

A) a high-risk appetite
B) an assigned risk owner
C) appropriate responses to risks
D) clear guidance for managers and staff

2. What is the initial probability recorded in the risk register based on?

A) Pre-response assessment
B) Stage of the activity
C) Proximity of the risk
D) Post-response assessment

3. Which role provides sponsorship to ensure that risk management is embraced within the organization?

A) Manager
B) Senior manager
C) Risk specialist
D) Assurance

4. Which is a responsibility of the M_o_R manager role?

A) Prepares risk workshop materials
B) Defines how much risk should be taken
C) Ensures a risk review process is in operation
D) Define risk tolerance thresholds

5. What is an issue?

A) An uncertain event that may occur in the future
B) An intangible artefact produced as a result of a planned activity
C) A relevant event that has happened requiring management action
D) An outcome perceived as negative by one or more stakeholders

Solutions: