EXIN Management of Risk Foundation - MORF Exam Practice Test

A. Risk capacity

B. Risk perception

C. Risk tolerance

D. Risk appetite

A. Assess - estimate

B. Implement

C. Plan

D. Assess - evaluate

A. An Issue is a risk that has occurred, a risk is yet to occur

B. An issue impacts on quality, a risk impacts on benefits

C. An issue has a short time-scale proximity and risk has medium- or long-term proximity

D. A risk can impact on all activities, an issue impacts on project deliverables only

A. A benchmarking of current capability

B. A tool to identify how the application of M_o_R might be improved

C. A list of actions to improve the way risk management is performed

D. An approach to embed the M_o_R principles

A. Successful completion of all change activities

B. Eliminates risk-taking within an organization

C. Guarantees business benefits will be delivered

D. Improves the chances of organizational changes being successful

A. Maintaining the appropriate level of business services to customers

B. Enhancing an existing capability to improve organizational performance

C. Delivering a defined business change product within budget

D. Ensuring the on-going viability of the organization

A. Identifying the activity-specific categories to be used for grouping risks

B. Defining the records to be used

C. Providing guidance on setting risk tolerance thresholds

D. Recording departures from the risk management process guide

A. Identify risk owners

B. Update the residual risk exposure

C. Revise risk descriptions as necessary

D. Record identified risks

A. Develop plans to improve risk management

B. Ensure that risk management strategies have been created

C. Review progress to develop the risk management policy

D. Establish how risk management will be integrated with performance management