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EXIN Management of Risk Foundation Sample Questions:

1. Which heading in a 'risk register is used to record the area of uncertainty?

A) Cause
B) Probability
C) Effect
D) Event

2. Which is used in the calculation of 'inherent' risk exposure?

A) Proximity of a risk before risk response actions are implemented
B) Effect on objectives if a risk occurs after completed risk response actions
C) Probability of a risk before risk response actions are implemented
D) Likelihood of a secondary risk occurring

3. Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?

A) Developing plans to improve the overall efficiency of the organization
B) Maintaining the appropriate levels of service delivery to new and existing customers
C) Implementing business strategy to improve organizational performance
D) Delivering defined business change products within budget and on time

4. Which is identified by use of the 'SWOT analysis' technique?

A) Net effect of risks on the objectives of an activity
B) Roles and responsibilities of those involved in an activity
C) Stakeholders involved in an activity
D) Factors that may impact the objectives of an activity

5. How is the risk register used in the'assess - estimate' step?

A) Revise risk descriptions as necessary
B) Record identified risks
C) Identify risk owners
D) Update the residual risk exposure

Solutions: