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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Monitoring and Control | - Risk monitoring techniques - Reporting and escalation processes - Continuous improvement in risk management |
| Topic 2: Risk Identification and Assessment | - Risk categorization and prioritization - Risk identification techniques - Qualitative and quantitative risk assessment |
| Topic 3: Risk Management Principles | - Objectives and benefits of risk management - Definition of risk and risk management concepts - Risk appetite and risk tolerance |
| Topic 4: Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses - Contingency planning |
| Topic 5: M_o_R Framework | - Roles and responsibilities in risk governance - Embedding risk management in organizational processes - Overview of M_o_R principles and approach |
EXIN Management of Risk Foundation Sample Questions:
1. Which can be used to measure the impact a risk management awareness programme has on an organization?
A) Brainstorming
B) Risk questionnaires
C) Benchmarking
D) Gateway reviews
2. Which is used to review how well an organization has embedded M_o_R?
A) Monetary benefit measurement
B) Early warning indicators
C) Risk improvement plan
D) Risk management health check
3. Which is recorded in the'risk register'?
A) Events that have already occurred
B) Risk management practices within an organization
C) Organizational risk appetite and capacity
D) Threats and opportunities
4. 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) Ensuring the on-going viability of the organization
C) Delivering a defined business change product within budget
D) Enhancing an existing capability to improve organizational performance
5. Which is a common barrier to implementing the risk management process?
A) Lack of a high-risk appetite at senior management level
B) Lack of policies, processes, strategies and plans
C) Lack of an assigned risk owner
D) Lack of an appropriate response to a risk in an activity's risk register
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |
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