Exin Management of Risk Foundation Set 2

1.

Which is a purpose of the risk management process guide?

Explain how the risk management steps will be carried out across the organization Describe the specific risk management activities that will be performed on a particular organizational activity Explain how risk management practices will be implemented throughout an organization Describe the steps required to improve the level of risk management within an organization

2.

What is the purpose of using an M_o_R 'health check'?

Understand the nature of risks facing an organization and the actions needed to respond Provide alternative assurance and approval processes at key decision points within a programme Examine an organization's current risk management practices to identify areas for improvement Show which organizational activities that risk management should be applied to

3.

Identify the missing word(s) in the following sentence. The risk [ ? ] used during the 'implement' step compares the performance of response actions with their planned outcomes.

register management strategy progress report response plan

4.

What is represented graphically on a 'summary risk profile'?

Proximity of the identified risks Information found in the risk register Summary of the actions required to respond to the risks in the activity Risk capacity for the activity

5.

Which is a definition of a risk maturity model?

A framework of mature practices for appraising an organization's risk management competency A tool for checking the health of current risk management An assessment of an organization's risk management practice A self-assessment check that the principles have been applied well

6.

Which is a method for obtaining senior management commitment and support for understanding and managing risk?

Developing management of risk guidance handbooks and training materials Ensuring the risk management function has a direct reporting line to a senior executive Escalating risks from the programme, project or operational perspectives to higher levels as required Making formal assessments of management of risk implementation in areas of concern

7.

What document describes how risk management activities relate to the achievement of strategic objectives?

Risk progress report Risk management process guide Risk management policy Risk register

8.

Which is a central 'M_o_R approach' document?

Risk management policy Risk register Risk improvement plan Risk communications plan

9.

What is corporate governance?

A sound system of internal control to ensure that effective management systems have been established to protect the organization The systematic application of principles, an approach and a process to the tasks of managing risk A plan for the fast and efficient resumption of essential business services A standard set of high-level criteria against which the degree of difficulty of a proposed project is assessed

10.

What is the initial probability recorded in the risk register based on?

Proximity of the risk Stage of the activity Post-response assessment Pre-response assessment

Exin Management of Risk Foundation Set 2

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Exin Management of Risk Foundation Set 2

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