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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Identification and Assessment | - Risk identification techniques - Risk categorization and prioritization - Qualitative and quantitative risk assessment |
| M_o_R Framework | - Embedding risk management in organizational processes - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance |
| Risk Management Principles | - Objectives and benefits of risk management - Risk appetite and risk tolerance - Definition of risk and risk management concepts |
| Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses - Contingency planning |
| Risk Monitoring and Control | - Continuous improvement in risk management - Risk monitoring techniques - Reporting and escalation processes |
EXIN Management of Risk Foundation Sample Questions:
Which is a responsibility of a 'risk actionee'?
- A. Perform a risk response action to respond to a particular risk
- B. Identify risks that might occur to activities in their department
- C. Manage all aspects of an assigned risk
- D. Develop strategies to improve the management of risk
Correct Answer: A 🗳️
Identify the missing words in the following sentence. Actions to [ ? ] are the source of secondary risks.
- A. embed risk management
- B. improve how risk is managed
- C. tackle risks to an organizational activity
- D. transform process step inputs to outputs
Correct Answer: C 🗳️
Which is used in the calculation of 'inherent' risk exposure?
- A. Likelihood of a secondary risk occurring
- B. Effect on objectives if a risk occurs after completed risk response actions
- C. Probability of a risk before risk response actions are implemented
- D. Proximity of a risk before risk response actions are implemented
Correct Answer: C 🗳️
What is the goal of the 'assess - estimate' step?
- A. Assess the effectiveness of the risk management processes within an organization
- B. Estimate and agree the budget required to manage risks to the activity
- C. Identify the threats and opportunities facing the organizational activity
- D. Determine the risks with the greatest effect on an activities objectives
Correct Answer: D 🗳️
Which is a benefit of effective risk management?
- A. Eliminates risk-taking within an organization
- B. Improves the chances of organizational changes being successful
- C. Guarantees business benefits will be delivered
- D. Successful completion of all change activities
Correct Answer: B 🗳️
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