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EXIN Management of Risk Foundation Sample Questions:

1. Which is a use of the 'SWOT analysis' technique?

A) Informing of the status of the risks facing an activity
B) Estimating the market share of competitors
C) Identifying future developments that are at the margins of current thinking
D) Examining regulatory and corporate governance requirements

2. Which is a goal of the 'assess - evaluate' step?

A) Evaluate the impact, probability and how soon risks might occur
B) Assess and evaluate the effectiveness of procedures for managing risks
C) Calculate the net effect of risks facing the activity
D) Evaluate the net cost of planned risk responses

3. Which is NOT described in the M_o_R risk management process guide?

A) Procedures for escalation and delegation between the different perspectives
B) Templates, their purpose and locations
C) Roles and responsibilities for the process
D) Tools and techniques to support the risk management process steps

4. Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?

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

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

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

Solutions: