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EXIN Management of Risk Foundation Sample Questions:

1. Which is a definition of a risk maturity model?

A) A tool for checking the health of current risk management
B) An assessment of an organization's risk management practice
C) A self-assessment check that the principles have been applied well
D) A framework of mature practices for appraising an organization's risk management competency

2. Which is recorded in the risk register in the 'identify - risks' step?

A) Assessed probability of risks
B) Lessons learned from completed activities
C) Responses to risks
D) Description of the risk

3. What does a 'risk management strategy' describe?

A) Processes required to improve risk management within an organization
B) Risk management policies that will be implemented throughout an organization
C) Series of steps needed to implement risk management
D) Specific risk management practices that will be performed within an activity

4. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that the identification of risks is thorough.

A) provides clear guidance
B) creates a supportive culture
C) facilitates continual improvement
D) engages stakeholders

5. What is an issue?

A) A relevant event that has happened requiring management action
B) An intangible artefact produced as a result of a planned activity
C) An uncertain event that may occur in the future
D) An outcome perceived as negative by one or more stakeholders

Solutions: