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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| M_o_R Approach | 25% | - Risk management process guide - Risk improvement plan - Risk register - Risk management policy - Roles and responsibilities |
| M_o_R Principles | 20% | - Fit the context - Align with objectives - Facilitate continual improvement - Involve stakeholders - Be open and responsive - Provide clear guidance |
| M_o_R Process | 40% | - Plan responses - Communicate and consult - Assess risks (estimate and evaluate) - Implement responses - Identify risks |
| Embedding and Reviewing M_o_R | 15% | - Risk culture and maturity - Embedding risk management - Reviewing and improving |
EXIN Management of Risk Foundation Sample Questions:
1. Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?
A) Maintaining the appropriate level of business services to customers
B) Enhancing an existing capability to improve organizational performance
C) Delivering a defined business change product within budget
D) Ensuring the on-going viability of the organization
2. What is a 'central risk function'?
A) A group responsible for approving the funding for risk management
B) A group with formal responsibility for supporting strategic risk management
C) A group that may pose a risk to objectives through its opposition to plans
D) A group that acts on risks escalated from other perspectives
3. Which BEST describes an area of uncertainty at the strategic perspective?
A) Changes to scope, quality, cost and schedule of business products
B) Impact of business changes on current organizational performance
C) Ability of the infrastructure to meet the required level of service
D) Stakeholder opinions of operational activities that may affect the organizational reputation
4. Which BEST describes the 'reduce the threat' risk response option?
A) Partaking in a pain/gain contract with another party for a specified risk
B) Monitoring a risk to ensure it remains within acceptable tolerance
C) Performing an action to minimise the chance of a risk impacting objectives
D) Changing the planned tasks in an activity
5. Which is NOT a use of the 'horizon scanning' technique?
A) Conducting a wide scan of the current external environment
B) Assessing how emerging trends could affect the organization's objectives
C) Facilitating the identification of changes that may affect the organization's risk exposure
D) Identifying long-term developments that could affect the organization's objectives
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |
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