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EXIN Management of Risk Foundation Sample Questions:

1. Which perspective ensures risk management maintains a view of the adequacy of controls that support service delivery to satisfy the fits the context principle?

A) Programme
B) Strategic
C) Operational
D) Project

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

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

3. Which action is NOT needed in order for risk management to be effective?

A) Identify the risk
B) Control the risk
C) Assess the risk
D) Eliminate the risk

4. Identify the missingword(s) in the following sentence. The risk [ ? ] used during the 'implement' step compares the performance of response actions with their planned outcomes.

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

5. What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?

A) Provides clear guidance
B) Facilitates continual improvement
C) Informs decision making
D) Achieves measurable value

Solutions: