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EXIN Management of Risk Foundation Sample Questions:

1. Which is NOT a use of the 'SWOT analysis' technique?

A) Create an understanding of a current market position
B) Provide an internal and external environmental analysis when used with other techniques
C) Identify long-term developments that could affect the organization's objectives
D) Identify external factors that may have an effect on the organization's objectives

2. Which can be used to measure the impact a risk management awareness programme has on an organization?

A) Benchmarking
B) Brainstorming
C) Risk questionnaires
D) Gateway reviews

3. Which is a use of the risk management policy in the 'identify - context' step for an activity?

A) Recording departures from the risk management process guide
B) Defining the records to be used
C) Providing guidance on setting risk tolerance thresholds
D) Identifying the activity-specific categories to be used for grouping risks

4. Which effect on the organization's objectives could the PESTLE analysis technique help to identify

A) Long-term developments
B) Risk exposure trends
C) Internal strengths
D) Current external factors

5. Which is a benefit of effective risk management?

A) Guarantees business benefits will be delivered
B) Activity plans are agreed before the activity commences
C) Staff members are better prepared to respond to incidents
D) Removes the organization's need to take risks

Solutions: