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EXIN Management of Risk Foundation Sample Questions:

1. 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) strategic
B) operational
C) project
D) programme

2. Which is a purpose for an'M_o_R health check'?

A) Identify individuals or groups of individuals that have an interest in an organizations planned activity
B) Examine future developments that may affect an organization's level of exposure to risk
C) Provide a snapshot of the current status of identified risks
D) Review how well risk management practices have been embedded

3. What objectives are associated with decisions on risks to the achievement of long-term goals?

A) Programme
B) Operational
C) Strategic
D) Project

4. Which statement describes the'avoid a threat' risk response option?

A) Obtain an insurance policy to cover the impact should the risk occur
B) Partake in a pain/gain contract with another party for the specified risk
C) Perform an action to minimise the impact of the risk should it occur
D) Remove the cause of the threat

5. 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) Corporate governance
C) Embedding and reviewing
D) Contingency planning

Solutions: