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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk categorization and prioritization - Risk identification techniques |
| Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| M_o_R Framework | - Roles and responsibilities in risk governance - Overview of M_o_R principles and approach - Embedding risk management in organizational processes |
| Risk Response Planning | - Contingency planning - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses |
| Risk Management Principles | - Objectives and benefits of risk management - Risk appetite and risk tolerance - Definition of risk and risk management concepts |
EXIN Management of Risk Foundation Sample Questions:
1. What is represented graphically on a 'summary risk profile'?
A) Proximity of the identified risks
B) Information found in the risk register
C) Summary of the actions required to respond to the risks in the activity
D) Risk capacity for the activity
2. Which is NOT a use of the 'SWOT analysis' technique?
A) Identify external factors that may have an effect on the organization's objectives
B) Create an understanding of a current market position
C) Identify long-term developments that could affect the organization's objectives
D) Provide an internal and external environmental analysis when used with other techniques
3. Which is an M_o_R principle?
A) Embedding and reviewing
B) Supports organizational performance
C) Achieves measurable value
D) Changes the culture of risk management
4. Which action is NOT needed in order for risk management to be effective?
A) Identify the risk
B) Eliminate the risk
C) Assess the risk
D) Control the risk
5. Which BEST describes an area of uncertainty at the programme perspective?
A) Availability of resources for the day-to-day delivery of services to customers
B) Introduction of new laws that affect core business activities
C) Disruptions to operations during business change implementation
D) Changes to the scope of defined business products
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: C |
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