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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk identification techniques - Risk categorization and prioritization |
| Topic 2: Risk Response Planning | - Designing and implementing risk responses - Contingency planning - Risk response options (avoid, reduce, transfer, accept) |
| Topic 3: M_o_R Framework | - Overview of M_o_R principles and approach - Embedding risk management in organizational processes - Roles and responsibilities in risk governance |
| Topic 4: Risk Management Principles | - Definition of risk and risk management concepts - Risk appetite and risk tolerance - Objectives and benefits of risk management |
| Topic 5: Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
EXIN Management of Risk Foundation Sample Questions:
What is the goal of the 'assess - estimate' step?
- A. Identify the threats and opportunities facing the organizational activity
- B. Estimate and agree the budget required to manage risks to the activity
- C. Determine the risks with the greatest effect on an activities objectives
- D. Assess the effectiveness of the risk management processes within an organization
Correct Answer: C 🗳️
Which is a responsibility of the M_o_R risk specialist role?
- A. Ensure that risk management strategies have been created
- B. Establish how risk management will be integrated with performance management
- C. Review progress to develop the risk management policy
- D. Develop plans to improve risk management
Correct Answer: D 🗳️
What is the initial probability recorded in the risk register based on?
- A. Proximity of the risk
- B. Post-response assessment
- C. Pre-response assessment
- D. Stage of the activity
Correct Answer: C 🗳️
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 🗳️
Which is a use of the risk management policy in the 'identify - context' step for an activity?
- A. Defining the records to be used
- B. Recording departures from the risk management process guide
- C. Identifying the activity-specific categories to be used for grouping risks
- D. Providing guidance on setting risk tolerance thresholds
Correct Answer: D 🗳️
