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EXIN Management of Risk Foundation Sample Questions:

1. Which describes the 'reduce a threat' risk response option?

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

2. What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?

A) Facilitates continual improvement
B) Achieves measurable value
C) Informs decision making
D) Provides clear guidance

3. Which information is NOT found in the risk management process guide?

A) Where to find a blank risk register
B) How to use an issue register
C) Why standard forms should be used
D) Which templates are to be used on a project

4. Which document defines how much risk should be taken for a particular activity?

A) Risk management process guide
B) Risk progress report
C) Risk management strategy
D) Risk management policy

5. What is the lack of senior management support a common barrier to?

A) Developing a risk communications plan
B) Implementing the steps in the risk management process
C) Identifying key performance indicators
D) Involving stakeholders in risk identification

Solutions: