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EXIN Management of Risk Foundation : EX0-004 Exam
About EXIN Management of Risk Foundation : EX0-004 Exam
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Identification and Assessment | - Risk identification techniques - Risk categorization and prioritization - Qualitative and quantitative risk assessment |
| Topic 2: Risk Management Principles | - Risk appetite and risk tolerance - Definition of risk and risk management concepts - Objectives and benefits of risk management |
| Topic 3: M_o_R Framework | - Embedding risk management in organizational processes - Roles and responsibilities in risk governance - Overview of M_o_R principles and approach |
| Topic 4: Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| Topic 5: Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses - Contingency planning |
EXIN Management of Risk Foundation Sample Questions:
Question #1
Which document describes how risk management activities will support the achievement of corporate objectives throughout an organization?
- A. Risk management process guide
- B. Risk progress report
- C. Risk management strategy
- D. Risk management policy
Correct Answer: D 🗳️
Question #2
Which BEST describes the 'reduce the threat' risk response option?
- A. Partaking in a pain/gain contract with another party for a specified risk
- B. Performing an action to minimise the chance of a risk impacting objectives
- C. Changing the planned tasks in an activity
- D. Monitoring a risk to ensure it remains within acceptable tolerance
Correct Answer: B 🗳️
Question #3
Which action does NOT contribute to achieving the goal of the 'identify - risks' step?
- A. Obtain information about the external and internal factors that may affect the planned activity
- B. Describe risks faced by the organization that may prevent an activity from succeeding
- C. Understand a stakeholder's view of an activity's risk profile
- D. Define an activity's key performance indicators
Correct Answer: A 🗳️
Question #4
Which is used to review how well an organization has embedded M_o_R?
- A. Early warning indicators
- B. Monetary benefit measurement
- C. Risk management health check
- D. Risk improvement plan
Correct Answer: C 🗳️
Question #5
What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?
- A. Risk appetite
- B. Risk tolerance
- C. Risk perception
- D. Risk capacity
Correct Answer: B 🗳️
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