EXIN EX0-004

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EXIN Management of Risk Foundation Sample Questions:

1. What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?

A) Facilitates continual improvement
B) Achieves measurable value
C) Informs decision making
D) Provides clear guidance

2. Which is a common barrier to implementing the risk management process?

A) Lack of policies, processes, strategies and plans
B) Lack of a high-risk appetite at senior management level
C) Lack of an appropriate response to a risk in an activity's risk register
D) Lack of an assigned risk owner

3. Which is a benefit of effective risk management?

A) Organizations are better prepared to recover from unplanned incidents
B) Successful completion of all change activities
C) Guarantees business benefits will be delivered
D) Eliminates risk-taking within an organization

4. Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

A) Determine which other risks will occur if a risk occurs
B) Determine which risks are independent of other risks
C) Evaluate the effectiveness of risk management across the organization
D) Calculate the total risk exposure for the activity

5. Identify the missing word in the following sentence. Applying the 'aligns with objectives'
principle at the [ ? ] perspective ensures risk management is responsive to changes to objectives that meet shareholder needs, reputation and demand for services.

A) operational
B) project
C) programme
D) strategic

Solutions: