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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Identification and Assessment | - Risk identification techniques - Qualitative and quantitative risk assessment - Risk categorization and prioritization |
| Topic 2: Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| Topic 3: M_o_R Framework | - Roles and responsibilities in risk governance - Embedding risk management in organizational processes - Overview of M_o_R principles and approach |
| Topic 4: Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses - Contingency planning |
| Topic 5: Risk Management Principles | - Definition of risk and risk management concepts - Objectives and benefits of risk management - Risk appetite and risk tolerance |
EXIN Management of Risk Foundation Sample Questions:
Question 1
Which is a primary step within the 'M_o_R process'?
A. Manage
B. Assess
C. Control
D. Embed
Question 2
Which is NOT described in the M_o_R risk management process guide?
A. Templates, their purpose and locations
B. Tools and techniques to support the risk management process steps
C. Roles and responsibilities for the process
D. Procedures for escalation and delegation between the different perspectives
Question 3
What is the purpose of using an M_o_R'health check'?
A. Examine an organization's current risk management practices to identify areas for improvement
B. Provide alternative assurance and approval processes at key decision points within a programme
C. Understand the nature of risks facing an organization and the actions needed to respond
D. Show which organizational activities that risk management should be applied to
Question 4
Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process.
A. clear guidance for managers and staff
B. a high-risk appetite
C. appropriate responses to risks
D. an assigned risk owner
Question 5
Which is a responsibility of the senior team role?
A. Agree the timing of risk progress reports for an activity
B. Specify the required budget to fund risks
C. Document the importance of risk management towards achieving organizational objectives
D. Approve assessments of risk probability, impact and proximity
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: A | Question 5 Answer: C |
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