EXIN EX0-004

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EXIN Management of Risk Foundation Sample Questions:

1. What is the goal of the 'assess - estimate' step?

A) Determine the risks with the greatest effect on an activities objectives
B) Estimate and agree the budget required to manage risks to the activity
C) Identify the threats and opportunities facing the organizational activity
D) Assess the effectiveness of the risk management processes within an organization

2. What is the initial probability recorded in the risk register based on?

A) Stage of the activity
B) Proximity of the risk
C) Post-response assessment
D) Pre-response assessment

3. Which is a benefit of effective risk management?

A) Staff members are better prepared to respond to incidents
B) Guarantees business benefits will be delivered
C) Activity plans are agreed before the activity commences
D) Removes the organization's need to take risks

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

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

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

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

Solutions: