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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Communication and Reporting | - Stakeholder communication - Risk reporting structures |
| Introduction to Risk Management | - Purpose and benefits of risk management - Basic risk concepts and terminology |
| Risk Response and Control | - Control selection and implementation - Risk response options (avoid, reduce, transfer, accept) |
| Risk Identification | - Risk sources and categories - Risk description techniques |
| MoR Principles and Approach | - Governance and embedding risk management - MoR framework overview |
| Risk Assessment | - Risk prioritization methods - Likelihood and impact evaluation |
EXIN Management of Risk Foundation Sample Questions:
1. Which is a purpose of the 'risk management policy'?
A) Record information about threats and opportunities for an organizational activity
B) Explain the actions required to implement risk management
C) Define the Specific risk management activities that will be performed for an activity
D) Describe how risk management practices will be implemented throughout an organization
2. What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?
A) Risk perception
B) Risk capacity
C) Risk appetite
D) Risk tolerance
3. What is the difference between a risk and an issue?
A) A risk can impact on all activities, an issue impacts on project deliverables only
B) An Issue is a risk that has occurred, a risk is yet to occur
C) An issue impacts on quality, a risk impacts on benefits
D) An issue has a short time-scale proximity and risk has medium- or long-term proximity
4. Identify the missing words in the following sentence. In order to safeguard value-creating activities, [ ? ] is used to build an effective response to threats.
A) programme management
B) business continuity management
C) corporate governance
D) project management
5. Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities?
A) Programme
B) Project
C) Strategic
D) Operational
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
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