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NO.1 Which is NOT a recommended risk response option for an 'opportunity'?
A. Enhance
B. Transfer
C. Share
D. Reduce
Answer: D
NO.2 Which is a primary step within the 'M_o_R process'?
A. Manage
B. Assess
C. Embed
D. Control
Answer: B
NO.3 Which is a method for obtaining senior management commitment and support for
understanding and managing risk?
A. Developing management of risk guidance handbooks and training materials
B. Ensuring the risk management function has a direct reporting line to a senior executive
C. Escalating risks from the programme, project or operational perspectives to higher levels as
required
D. Making formal assessments of management of risk implementation in areas of concern
Answer: B
NO.4 Which describes the 'reduce a threat' risk response option?
A. Perform an action to minimise the impact and/or probability of the risk
B. Remove the cause of the threat
C. Obtain an insurance policy to cover the impact should the risk occur
D. Partake in a pain/gain contract with another party for the specified risk
Answer: A
NO.5 What is a threat?
A. An uncertain event that could have a negative impact on objectives
B. An uncertain event that could have a favourable impact on objectives
C. An event that has occurred resulting in a negative impact on objectives
D. An event that has occurred resulting in a favourable impact on objectives
Answer: A
NO.6 Which BEST describes an area of uncertainty at the programme perspective?
A. Schedule of business products to time and cost
B. Availability of skills to deliver services to new and existing customers
C. Implementing new business practices across organizational boundaries
D. Legislation that affects core business activities
Answer: C