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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

Question 1

Which information from the risk register is used during the'assess - evaluate' step to calculate the total risk exposure of an activity?

A. Exposure of the risks after completion of risk responses
B. Estimated likelihood of the risks occurring
C. Identified risks resulting from a risk response action
D. The timeframe in which the risks are likely to occur

Question 2

Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?

A. Audit committee
B. Team
C. Senior team
D. Risk owner

Question 3

Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?

A. Risk progress report
B. Risk register
C. Risk response plan
D. Risk management strategy

Question 4

Which describes the risk response option'share the risk'?

A. Obtain an insurance policy to cover the impact should the risk occur
B. Perform an action to minimise the impact of the risk should it occur
C. Partake in a pain/gain contract with another party for the specified risk
D. Carry out an action to make the uncertain situation certain

Question 5

What is the goal of the 'assess - estimate' step?

A. Estimate and agree the budget required to manage risks to the activity
B. Determine the risks with the greatest effect on an activities objectives
C. Assess the effectiveness of the risk management processes within an organization
D. Identify the threats and opportunities facing the organizational activity

Solutions: