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EXIN Management of Risk Foundation Sample Questions:

1. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that organizations learn from their mistakes.

A) provides clear guidance
B) achieves measurable value
C) facilitates continual improvement
D) creates a supportive culture

2. Which is recorded in the'risk register'?

A) Organizational risk appetite and capacity
B) Events that have already occurred
C) Risk management practices within an organization
D) Threats and opportunities

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

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

4. 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) Estimated likelihood of the risks occurring
C) Exposure of the risks after completion of risk responses
D) The timeframe in which the risks are likely to occur

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

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

Solutions: