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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Management Principles | - Risk appetite and risk tolerance - Objectives and benefits of risk management - Definition of risk and risk management concepts |
| Topic 2: Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk categorization and prioritization - Risk identification techniques |
| Topic 3: Risk Monitoring and Control | - Reporting and escalation processes - Continuous improvement in risk management - Risk monitoring techniques |
| Topic 4: Risk Response Planning | - Contingency planning - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses |
| Topic 5: M_o_R Framework | - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance - Embedding risk management in organizational processes |
EXIN Management of Risk Foundation Sample Questions:
Question #1
Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?
A. Risk owner
B. Team
C. Audit committee
D. Senior team
Question #2
Which BEST describes an area of uncertainty at the strategic perspective?
A. Stakeholder opinions of operational activities that may affect the organizational reputation
B. Ability of the infrastructure to meet the required level of service
C. Impact of business changes on current organizational performance
D. Changes to scope, quality, cost and schedule of business products
Question #3
Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.
A. operational
B. project
C. programme
D. strategic
Question #4
Which is a method for obtaining senior management commitment and support for understanding and managing risk?
A. Developing management of risk guidance handbooks and training materials
B. Ensuring the risk management function has a direct reporting line to a senior executive
C. Escalating risks from the programme, project or operational perspectives to higher levels as required
D. Making formal assessments of management of risk implementation in areas of concern
Question #5
Which information from the risk register is used during the'assess - evaluate' step to calculate the total risk exposure of an activity?
A. Identified risks resulting from a risk response action
B. Estimated likelihood of the risks occurring
C. The timeframe in which the risks are likely to occur
D. Exposure of the risks after completion of risk responses
Solutions:
| Question #1 Correct Answer: A | Question #2 Correct Answer: A | Question #3 Correct Answer: D | Question #4 Correct Answer: B | Question #5 Correct Answer: B |



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