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Exam Code: MOVFExam Name: Management of Value® Foundation
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Exam Code: EX0-003Exam Name: Managing Successful Programmes Foundation
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Exam Code: EX0-004Exam Name: Management of Risk Foundation
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NO.1 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
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NO.2 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
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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
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NO.4 Which is NOT a recommended risk response option for an 'opportunity'?
A. Enhance
B. Transfer
C. Share
D. Reduce
Answer: D
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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
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NO.6 Which is a primary step within the 'M_o_R process'?
A. Manage
B. Assess
C. Embed
D. Control
Answer: B
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7. Which is a goal of the 'assess - evaluate' step?
A. Evaluate the impact, probability and how soon risks might occur
B. Calculate the net effect of risks facing the activity
C. Assess and evaluate the effectiveness of procedures for managing risks
D. Evaluate the net cost of planned risk responses
Answer: B
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8. Which is a responsibility of the M_o_R manager role?
A. Define risk tolerance thresholds
B. Prepares risk workshop materials
C. Defines how much risk should be taken
D. Ensures a risk review process is in operation
Answer: D
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9. Which is a responsibility of the team?
A. Ensure adequate resources are available to implement the risk management strategy
B. Run risk management workshops
C. Develop the risk improvement plan
D. Identify and escalate risks
Answer: D
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10. What is represented graphically on a 'summary risk profile'?
A. Proximity of the identified risks
B. Information found in the risk register
C. Summary of the actions required to respond to the risks in the activity
D. Risk capacity for the activity
Answer: B
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11. 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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12. Identify the missing words in the following sentence. The primary outcome of the [ ? ]
principle is that organizations learn from their mistakes.
A. achieves measurable value
B. provides clear guidance
C. creates a supportive culture
D. facilitates continual improvement
Answer: D
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