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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| Topic 2: Risk Management Principles | - Risk appetite and risk tolerance - Definition of risk and risk management concepts - Objectives and benefits of risk management |
| Topic 3: Risk Response Planning | - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) - Contingency planning |
| Topic 4: Risk Identification and Assessment | - Risk categorization and prioritization - Risk identification techniques - Qualitative and quantitative risk assessment |
| Topic 5: M_o_R Framework | - Overview of M_o_R principles and approach - Embedding risk management in organizational processes - Roles and responsibilities in risk governance |
EXIN Management of Risk Foundation Sample Questions:
1. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that the identification of risks is thorough.
A) creates a supportive culture
B) provides clear guidance
C) engages stakeholders
D) facilitates continual improvement
2. Which explains a use of the risk management policy in the identify context' step?
A) Describes how corporate governance will affect the risk management process
B) Understand the maximum amount of risk that should be taken
C) Identifies how past events could become sources of risk
D) Identifies changes to the organization's market
3. Which BEST describes an area of uncertainty at the programme perspective?
A) Schedule of business products to time and cost
B) Implementing new business practices across organizational boundaries
C) Availability of skills to deliver services to new and existing customers
D) Legislation that affects core business activities
4. Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?
A) Determine which risks are independent of other risks
B) Evaluate the effectiveness of risk management across the organization
C) Calculate the total risk exposure for the activity
D) Determine which other risks will occur if a risk occurs
5. Which step has a goal of checking the success of risk responses?
A) Assess - evaluate
B) Plan
C) Assess-estimate
D) Implement
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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Osborn 
Maurice 
Burke 
Kerr 
Vivian 
Bennett 
Renata 
Basil 
Maria 
Charlotte 
Alva 
Alice 
Max 
Verne 
