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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Identification and Assessment | - Risk categorization and prioritization - Risk identification techniques - Qualitative and quantitative risk assessment |
| Risk Management Principles | - Definition of risk and risk management concepts - Objectives and benefits of risk management - Risk appetite and risk tolerance |
| Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| Risk Response Planning | - Contingency planning - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses |
| M_o_R Framework | - Overview of M_o_R principles and approach - Embedding risk management in organizational processes - Roles and responsibilities in risk governance |
EXIN Management of Risk Foundation Sample Questions:
Which is a benefit of effective risk management?
- A. Improves the probability of achieving objectives
- B. Increases the number of risks that may occur for an activity
- C. Eliminates risk to an activity
- D. Guarantees business benefits will be delivered
Correct Answer: A 🗳️
Which is identified by use of the 'SWOT analysis' technique?
- A. Factors that may impact the objectives of an activity
- B. Roles and responsibilities of those involved in an activity
- C. Net effect of risks on the objectives of an activity
- D. Stakeholders involved in an activity
Correct Answer: A 🗳️
Which task will be carried out while performing the 'identify - risks' step?
- A. Ranking the importance of the stakeholders involved in the activity
- B. Developing an appropriate response to the identified risks
- C. Calculating when an identified risk is likely to occur
- D. Ensuring that all participants agree on the identified risks
Correct Answer: D 🗳️
Which is recorded in the'risk register'?
- A. Events that have already occurred
- B. Risk management practices within an organization
- C. Organizational risk appetite and capacity
- D. Threats and opportunities
Correct Answer: D 🗳️
Which describes the cause of a risk?
- A. Risk remaining after implementing a risk response
- B. Likelihood of the risk occurring
- C. Impact of the risk on an activity
- D. Potential trigger point for a risk
Correct Answer: D 🗳️
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