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EXIN Management of Risk Foundation Sample Questions:

1. Which is a responsibility of the team?

A) Run risk management workshops
B) Develop the risk improvement plan
C) Ensure adequate resources are available to implement the risk management strategy
D) Identify and escalate risks

2. Which is a central 'M_o_R approach' document?

A) Risk management policy
B) Risk register
C) Risk improvement plan
D) Risk communications plan

3. What step is used to determine the likelihood of a risk occurring?

A) Assess - evaluate
B) Identify - risks
C) Identify-context
D) Assess - estimate

4. Which is a responsibility of a 'risk actionee'?

A) Perform a risk response action to respond to a particular risk
B) Develop strategies to improve the management of risk
C) Identify risks that might occur to activities in their department
D) Manage all aspects of an assigned risk

5. Which is a common barrier to implementing the risk management process?

A) Lack of an assigned risk owner
B) Lack of risk facilitation resources and time
C) Lack of a high-risk appetite at senior management level
D) Lack of an appropriate response to a risk in an activity's risk register

Solutions: