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Exam Name: Portfolio, Programme and Project Offices® Foundation
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Exam Name: Management of Risk Foundation
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Last Update: 2014-10-22
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NO.1 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
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NO.2 Which is a responsibility of the senior team role?
A. Approve assessments of risk probability, impact and proximity
B. Specify the required budget to fund risks
C. Document the importance of risk management towards achieving organizational objectives
D. Agree the timing of risk progress reports for an activity
Answer: C
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NO.3 What is the goal of the 'assess - estimate' step?
A. Identify the threats and opportunities facing the organizational activity
B. Estimate and agree the budget required to manage risks to the activity
C. Assess the effectiveness of the risk management processes within an organization
D. Determine the risks with the greatest effect on an activities objectives
Answer: D
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NO.4 Which describes the threat response option 'accept the risk'?
A. Perform an action to minimize the impact of the risk should it occur
B. Carry out an action to make the uncertain situation certain
C. Take no action except monitor the risk to ensure it remains tolerable
D. Partake in a pain/gain contract with another party for the specified risk
Answer: C
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NO.5 Which is a purpose of using a risk maturity model?
A. Identify where the application of risk management within an organization can be improved
B. Understand the nature of risks facing an organization and the actions needed to respond
C. Provide independent risk information at key decision points within a programme or project
D. Show to which organizational activities risk management should be applied
Answer: A
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NO.6 Which is a use of a risk management maturity model?
A. Enabling organizations to benchmark their current risk management capability
B. Checking the state of current risk management
C. Identifying areas where application of risk management can be improved
D. Carrying out an enterprise wide assessment
Answer: A
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NO.7 What objectives are associated with decisions about risks to the delivery of business change
capabilities?
A. Strategic
B. Enterprise
C. Programme
D. Operational
Answer: C
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NO.8 Which specialism has been developed to offer business as usual in the quickest possible time
in the event of an emergency?
A. Incident and crisis management
B. Business continuity management
C. Health and safety management
D. Reputational risk management
Answer: B
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