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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Response and Control | - Risk response options (avoid, reduce, transfer, accept) - Control selection and implementation |
| Introduction to Risk Management | - Purpose and benefits of risk management - Basic risk concepts and terminology |
| Risk Assessment | - Risk prioritization methods - Likelihood and impact evaluation |
| Risk Identification | - Risk sources and categories - Risk description techniques |
| MoR Principles and Approach | - MoR framework overview - Governance and embedding risk management |
| Risk Communication and Reporting | - Stakeholder communication - Risk reporting structures |
EXIN Management of Risk Foundation Sample Questions:
1. Which is used to review how well an organization has embedded M_o_R?
A) Monetary benefit measurement
B) Risk improvement plan
C) Risk management health check
D) Early warning indicators
2. What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?
A) Facilitates continual improvement
B) Achieves measurable value
C) Provides clear guidance
D) Informs decision making
3. Which is a goal of the 'plan' process step?
A) Agree the timing of the risk communications plan
B) Choose appropriate actions to deal with risks
C) Set the risk tolerance of an activity
D) Understand an activity's pre-response risk exposure
4. Which is an M_o_R principle?
A) Embedding and reviewing
B) Achieves measurable value
C) Changes the culture of risk management
D) Supports organizational performance
5. Which is a use of the risk management policy in the 'identify - context' step for an activity?
A) Recording departures from the risk management process guide
B) Identifying the activity-specific categories to be used for grouping risks
C) Providing guidance on setting risk tolerance thresholds
D) Defining the records to be used
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
