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EXIN Management of Risk Foundation Sample Questions:

1. Which is recorded in the risk response plan during the 'plan' step?

A) Unmanaged risks
B) Number of risks in different categories
C) Actions developed to mitigate threats
D) Actions to improve risk management

2. Which is recorded in the risk register in the 'identify - risks' step?

A) Description of the risk
B) Lessons learned from completed activities
C) Responses to risks
D) Assessed probability of risks

3. Which BEST describes an area of uncertainty at the operational perspective?

A) Availability of skills required to deliver services to customers
B) Variation to the schedule of a defined business product
C) Damage to the organization's infrastructure
D) Minimizing disruptions to customer services during transformational change

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

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

Solutions: