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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: M_o_R Framework | - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance - Embedding risk management in organizational processes |
| Topic 2: Risk Monitoring and Control | - Continuous improvement in risk management - Risk monitoring techniques - Reporting and escalation processes |
| Topic 3: Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk categorization and prioritization - Risk identification techniques |
| Topic 4: Risk Management Principles | - Definition of risk and risk management concepts - Objectives and benefits of risk management - Risk appetite and risk tolerance |
| Topic 5: Risk Response Planning | - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) - Contingency planning |
EXIN Management of Risk Foundation Sample Questions:
1. Which describes the 'reduce a threat' risk response option?
A) Perform an action to minimise the impact and/or probability of the risk
B) Remove the cause of the threat
C) Partake in a pain/gain contract with another party for the specified risk
D) Obtain an insurance policy to cover the impact should the risk occur
2. Which information from the risk register is used during the'assess - evaluate' step to calculate the total risk exposure of an activity?
A) Identified risks resulting from a risk response action
B) Exposure of the risks after completion of risk responses
C) The timeframe in which the risks are likely to occur
D) Estimated likelihood of the risks occurring
3. Identify the missingword(s) in the following sentence. The risk [ ? ] used during the 'implement' step compares the performance of response actions with their planned outcomes.
A) register
B) management strategy
C) response plan
D) progress report
4. What document provides a record of the risks identified for a particular activity?
A) Risk register
B) Risk management strategy
C) Risk improvement plan
D) Risk progress report
5. Which is a common barrier to implementing the risk management process?
A) Lack of an assigned risk owner
B) Lack of risk facilitation resources and time
C) Lack of a high-risk appetite at senior management level
D) Lack of an appropriate response to a risk in an activity's risk register
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: B |
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