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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:
1. Which heading in a 'risk register is used to record the area of uncertainty?
A) Probability
B) Effect
C) Cause
D) Event
2. 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
3. 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
4. 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
5. 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
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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