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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: M_o_R Framework | - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance - Embedding risk management in organizational processes |
| Topic 2: Risk Identification and Assessment | - Risk identification techniques - Risk categorization and prioritization - Qualitative and quantitative risk assessment |
| Topic 3: Risk Management Principles | - Definition of risk and risk management concepts - Risk appetite and risk tolerance - Objectives and benefits of risk management |
| Topic 4: Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| Topic 5: Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept) - Contingency planning - Designing and implementing risk responses |
EXIN Management of Risk Foundation Sample Questions:
1. Which is an M_o_R principle?
A) Changes the culture of risk management
B) Achieves measurable value
C) Supports organizational performance
D) Embedding and reviewing
2. Which is a purpose of 'embedding and reviewing' M_o_R?
A) Ensuring the availability of appropriate techniques used in the risk management process steps
B) Reporting on the risk response plan'
C) Assuring the appointment of risk owners
D) Maximizing the return on investment in risk management
3. What is the lack of senior management support a common barrier to?
A) Implementing the steps in the risk management process
B) Developing a risk communications plan
C) Identifying key performance indicators
D) Involving stakeholders in risk identification
4. What does a 'risk management strategy' describe?
A) Specific risk management practices that will be performed within an activity
B) Series of steps needed to implement risk management
C) Risk management policies that will be implemented throughout an organization
D) Processes required to improve risk management within an organization
5. Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities?
A) Operational
B) Project
C) Strategic
D) Programme
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
