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EXIN Management of Risk Foundation Sample Questions:

1. Which is a responsibility of the M_o_R assurance role?

A) Develop plans to improve risk management
B) Advise the senior team that the correct risk management roles exist
C) Ensure the availability of staff to implement the risk management strategy
D) Validate assessment of individual risks

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

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

3. Which is a responsibility of the senior team role?

A) Specify the required budget to fund risks
B) Agree the timing of risk progress reports for an activity
C) Document the importance of risk management towards achieving organizational objectives
D) Approve assessments of risk probability, impact and proximity

4. How is the risk register used in the'assess - estimate' step?

A) Revise risk descriptions as necessary
B) Update the residual risk exposure
C) Record identified risks
D) Identify risk owners

5. Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?

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

Solutions: