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EXIN Management of Risk Foundation Sample Questions:

1. What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?

A) Risk capacity
B) Risk tolerance
C) Risk appetite
D) Risk perception

2. Which is a method for obtaining senior management commitment and support for understanding and managing risk?

A) Escalating risks from the programme, project or operational perspectives to higher levels as required
B) Ensuring the risk management function has a direct reporting line to a senior executive
C) Making formal assessments of management of risk implementation in areas of concern
D) Developing management of risk guidance handbooks and training materials

3. Which is used to review how well an organization has embedded M_o_R?

A) Risk management health check
B) Early warning indicators
C) Risk improvement plan
D) Monetary benefit measurement

4. What is corporate governance?

A) A sound system of internal control to ensure that effective management systems have been established to protect the organization
B) The systematic application of principles, an approach and a process to the tasks of managing risk
C) A standard set of high-level criteria against which the degree of difficulty of a proposed project is assessed
D) A plan for the fast and efficient resumption of essential business services

5. Which BEST describes the 'reduce the threat' risk response option?

A) Changing the planned tasks in an activity
B) Monitoring a risk to ensure it remains within acceptable tolerance
C) Partaking in a pain/gain contract with another party for a specified risk
D) Performing an action to minimise the chance of a risk impacting objectives

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