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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| M_o_R Framework | - Overview of M_o_R principles and approach - Embedding risk management in organizational processes - Roles and responsibilities in risk governance |
| Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept) - Contingency planning - Designing and implementing risk responses |
| Risk Identification and Assessment | - Risk identification techniques - Qualitative and quantitative risk assessment - Risk categorization and prioritization |
| Risk Management Principles | - Definition of risk and risk management concepts - Objectives and benefits of risk management - Risk appetite and risk tolerance |
| Risk Monitoring and Control | - Reporting and escalation processes - Continuous improvement in risk management - Risk monitoring techniques |
EXIN Management of Risk Foundation Sample Questions:
Which heading in a 'risk register is used to record the area of uncertainty?
- A. Probability
- B. Effect
- C. Cause
- D. Event
Correct Answer: D 🗳️
Which is a responsibility of the team?
- A. Ensure adequate resources are available to implement the risk management strategy
- B. Identify and escalate risks
- C. Develop the risk improvement plan
- D. Run risk management workshops
Correct Answer: B 🗳️
What does a 'risk management strategy' describe?
- A. Series of steps needed to implement risk management
- B. Specific risk management practices that will be performed within an activity
- C. Risk management policies that will be implemented throughout an organization
- D. Processes required to improve risk management within an organization
Correct Answer: B 🗳️
Which is a definition of a risk maturity model?
- A. A self-assessment check that the principles have been applied well
- B. A framework of mature practices for appraising an organization's risk management competency
- C. An assessment of an organization's risk management practice
- D. A tool for checking the health of current risk management
Correct Answer: B 🗳️
Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?
- A. Risk response plan
- B. Risk progress report
- C. Risk register
- D. Risk management strategy
Correct Answer: D 🗳️
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