Exin Management of Risk Foundation Set 3

1.

Which perspective is concerned with decisions about risks to long-term objectives that may not become apparent until well into the future?

Strategic Programme Project Operational

2.

Which is NOT described in the M_o_R risk management process guide?

Roles and responsibilities for the process Tools and techniques to support the risk management process steps Procedures for escalation and delegation between the different perspectives Templates, their purpose and locations

3.

Which describes the 'reduce a threat' risk response option?

Perform an action to minimize the impact and/or probability of the risk Remove the cause of the threat Obtain an insurance policy to cover the impact should the risk occur Partake in a pain/gain contract with another party for the specified risk

4.

What document separately describes the steps required to implement risk management within an organization?

Risk management policy Risk management process guide Risk management strategy Business continuity plan

5.

Which BEST describes an area of uncertainty at the strategic perspective?

Changes to scope, quality, cost and schedule of business products Impact of business changes on current organizational performance Ability of the infrastructure to meet the required level of service Stakeholder opinions of operational activities that may affect the organizational reputation

6.

What does a 'risk management strategy' describe?

Series of steps needed to implement risk management Specific risk management practices that will be performed within an activity Risk management policies that will be implemented throughout an organization Processes required to improve risk management within an organization

7.

Which risk response option 'takes the chance' that the risk will occur, with its full impact if it did?

Accept the risk Transfer the risk Share the risk Prepare contingent plans

8.

What provides an analysis of trends of risks in different risk categories?

Risk management strategy Risk progress report Risk communications plan Risk improvement plan

9.

Which action does NOT contribute to achieving the goal of the 'identify - risks' step?

Describe risks faced by the organization that may prevent an activity from succeeding Define an activity's key performance indicators Obtain information about the external and internal factors that may affect the planned activity Understand a stakeholder's view of an activity's risk profile

10.

Which is provided by the 'M_o_R principles'?

Guidance for the design of a risk management approach Design for an organization's corporate governance policy Criteria used to measure the development of risk management Inputs, outputs, tasks and techniques needed to implement risk management

Exin Management of Risk Foundation Set 3

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Exin Management of Risk Foundation Set 3

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