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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Introduction to Risk Management | - Purpose and benefits of risk management - Basic risk concepts and terminology |
| Topic 2: Risk Assessment | - Likelihood and impact evaluation - Risk prioritization methods |
| Topic 3: Risk Communication and Reporting | - Risk reporting structures - Stakeholder communication |
| Topic 4: Risk Identification | - Risk description techniques - Risk sources and categories |
| Topic 5: Risk Response and Control | - Risk response options (avoid, reduce, transfer, accept) - Control selection and implementation |
| Topic 6: MoR Principles and Approach | - MoR framework overview - Governance and embedding risk management |
EXIN Management of Risk Foundation Sample Questions:
1. Which describes the threat response option 'accept the risk'?
A) Carry out an action to make the uncertain situation certain
B) Take no action except monitor the risk to ensure it remains tolerable
C) Perform an action to minimize the impact of the risk should it occur
D) Partake in a pain/gain contract with another party for the specified risk
2. Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?
A) Senior team
B) Risk owner
C) Team
D) Audit committee
3. What is the initial probability recorded in the risk register based on?
A) Post-response assessment
B) Proximity of the risk
C) Pre-response assessment
D) Stage of the activity
4. Which is a benefit of effective risk management?
A) Eliminates risk-taking within an organization
B) Organizations are better prepared to recover from unplanned incidents
C) Successful completion of all change activities
D) Guarantees business benefits will be delivered
5. What is an issue?
A) A relevant event that has happened requiring management action
B) An uncertain event that may occur in the future
C) An intangible artefact produced as a result of a planned activity
D) An outcome perceived as negative by one or more stakeholders
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: A |
