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EXIN Management of Risk Foundation Sample Questions:

1. What document provides a record of the risks identified for a particular activity?

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

2. What is the difference between a risk and an issue?

A) A risk can impact on all activities, an issue impacts on project deliverables only
B) An issue has a short time-scale proximity and risk has medium- or long-term proximity
C) An issue impacts on quality, a risk impacts on benefits
D) An Issue is a risk that has occurred, a risk is yet to occur

3. Which information from the risk register is used during the'assess - evaluate' step to calculate the total risk exposure of an activity?

A) The timeframe in which the risks are likely to occur
B) Estimated likelihood of the risks occurring
C) Identified risks resulting from a risk response action
D) Exposure of the risks after completion of risk responses

4. Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities?

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

5. Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.

A) manage
B) perform
C) plan
D) record

Solutions: