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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Management Principles | - Objectives and benefits of risk management - Risk appetite and risk tolerance - Definition of risk and risk management concepts |
| M_o_R Framework | - Roles and responsibilities in risk governance - Embedding risk management in organizational processes - Overview of M_o_R principles and approach |
| Risk Response Planning | - Contingency planning - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses |
| Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk identification techniques - Risk categorization and prioritization |
| Risk Monitoring and Control | - Risk monitoring techniques - Continuous improvement in risk management - Reporting and escalation processes |
EXIN Management of Risk Foundation Sample Questions:
What document describes how risk management activities relate to the achievement of strategic objectives?
- A. Risk progress report
- B. Risk management process guide
- C. Risk register
- D. Risk management policy
Correct Answer: D 🗳️
Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?
- A. Fits the context
- B. Informs decision-making
- C. Provides clear guidance
- D. Aligns with objectives
Correct Answer: D 🗳️
Which is a responsibility of the M_o_R senior manager role?
- A. Develop risk improvement plans
- B. Define the amount of risk that should be taken for the organization
- C. Review progress to develop the risk management policy
- D. Specify risk tolerance levels
Correct Answer: D 🗳️
Which defines the inherent probability of a risk?
- A. Chance of a risk occurring before implementing a risk response
- B. Likelihood of an issue occurring before implementing a risk response
- C. Effect of the risk on the activity after implementing a risk response
- D. Calculation of the timeframe and urgency of a risk prior to a risk response
Correct Answer: A 🗳️
Which is NOT described in the M_o_R risk management process guide?
- A. Tools and techniques to support the risk management process steps
- B. Procedures for escalation and delegation between the different perspectives
- C. Templates, their purpose and locations
- D. Roles and responsibilities for the process
Correct Answer: B 🗳️
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