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EXIN Management of Risk Foundation Sample Questions:

1. Which information from the risk register is used during the'assess - evaluate' step to calculate the total risk exposure of an activity?

A) Identified risks resulting from a risk response action
B) The timeframe in which the risks are likely to occur
C) Exposure of the risks after completion of risk responses
D) Estimated likelihood of the risks occurring

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

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

3. Which is a responsibility of the M_o_R senior manager role?

A) Review progress to develop the risk management policy
B) Develop risk improvement plans
C) Specify risk tolerance levels
D) Define the amount of risk that should be taken for the organization

4. What is the goal of the 'assess - estimate' step?

A) Identify the threats and opportunities facing the organizational activity
B) Assess the effectiveness of the risk management processes within an organization
C) Estimate and agree the budget required to manage risks to the activity
D) Determine the risks with the greatest effect on an activities objectives

5. Which is a purpose of 'embedding and reviewing' M_o_R?

A) Ensuring the availability of appropriate techniques used in the risk management process steps
B) Reporting on the risk response plan'
C) Maximizing the return on investment in risk management
D) Assuring the appointment of risk owners

Solutions: