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Exam Code: MORFExam Name: Management of Risk Foundation
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Exam Code: EX0-007Exam Name: Portfolio, Programme and Project Offices® Foundation
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NO.1 Which is a definition of a risk maturity model?
A. A framework of mature practices for appraising an organization's risk management competency
B. A tool for checking the health of current risk management
C. An assessment of an organization's risk management practice
D. A self-assessment check that the principles have been applied well
Answer: A
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NO.2 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.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 effect on the organization's objectives could the PESTLE analysis technique help to
identify
A. Risk exposure trends
B. Current external factors
C. Long-term developments
D. Internal strengths
Answer: B
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NO.5 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.6 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.7 What document describes how risk management activities relate to the achievement of
strategic objectives?
A. Risk progress report
B. Risk management process guide
C. Risk management policy
D. Risk register
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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