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EXIN Management of Risk Foundation Sample Questions:

1. Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process.

A) appropriate responses to risks
B) a high-risk appetite
C) clear guidance for managers and staff
D) an assigned risk owner

2. Which is a responsibility of the team?

A) Identify and escalate risks
B) Ensure adequate resources are available to implement the risk management strategy
C) Run risk management workshops
D) Develop the risk improvement plan

3. 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

4. Which specialism has been developed to offer business as usual in the quickest possible time in the event of an emergency?

A) Health and safety management
B) Incident and crisis management
C) Reputational risk management
D) Business continuity management

5. Which is identified by the use of the 'PESTLE' analysis technique?

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

Solutions: