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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: M_o_R Approach | 25% | - Risk management process guide - Risk improvement plan - Risk management policy - Roles and responsibilities - Risk register |
| Topic 2: M_o_R Principles | 20% | - Involve stakeholders - Provide clear guidance - Facilitate continual improvement - Align with objectives - Fit the context - Be open and responsive |
| Topic 3: Embedding and Reviewing M_o_R | 15% | - Embedding risk management - Risk culture and maturity - Reviewing and improving |
| Topic 4: M_o_R Process | 40% | - Implement responses - Assess risks (estimate and evaluate) - Plan responses - Communicate and consult - Identify risks |
EXIN Management of Risk Foundation Sample Questions:
Question #1
What step is used to determine the likelihood of a risk occurring?
A. Assess - estimate
B. Identify-context
C. Assess - evaluate
D. Identify - risks
Question #2
Which is NOT a use of the 'horizon scanning' technique?
A. Assessing how emerging trends could affect the organization's objectives
B. Identifying long-term developments that could affect the organization's objectives
C. Facilitating the identification of changes that may affect the organization's risk exposure
D. Conducting a wide scan of the current external environment
Question #3
What step is used to determine those risks which have the greatest effect on the objectives of a planned activity?
A. Implement
B. Identify
C. Plan
D. Assess
Question #4
Which describes the threat response option 'accept the risk'?
A. Partake in a pain/gain contract with another party for the specified risk
B. Perform an action to minimize the impact of the risk should it occur
C. Take no action except monitor the risk to ensure it remains tolerable
D. Carry out an action to make the uncertain situation certain
Question #5
Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.
A. record
B. plan
C. manage
D. perform
Solutions:
| Question #1 Correct Answer: A | Question #2 Correct Answer: D | Question #3 Correct Answer: D | Question #4 Correct Answer: C | Question #5 Correct Answer: B |
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