Specialist Management of Risk Foundation Exam questions

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EXIN Management of Risk Foundation Sample Questions:

1. What is an opportunity?

A) An uncertain event that could have a favourable impact on objectives or benefits
B) An event that has occurred resulting in a favourable impact on objectives or benefits
C) An uncertain event that could have a negative impact on objectives or benefits
D) An event that has occurred resulting in a negative impact on objectives or benefits

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

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

3. What is a threat?

A) An uncertain event that could have a negative impact on objectives
B) An event that has occurred resulting in a negative impact on objectives
C) An event that has occurred resulting in a favourable impact on objectives
D) An uncertain event that could have a favourable impact on objectives

4. Which is a purpose of the 'risk management policy'?

A) Record information about threats and opportunities for an organizational activity
B) Define the Specific risk management activities that will be performed for an activity
C) Describe how risk management practices will be implemented throughout an organization
D) Explain the actions required to implement risk management

5. What step is used to determine the likelihood of a risk occurring?

A) Assess - evaluate
B) Identify-context
C) Assess - estimate
D) Identify - risks

Solutions: