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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 |
| Risk Identification | - Risk sources and categories - Risk description techniques |
| Risk Communication and Reporting | - Risk reporting structures - Stakeholder communication |
| MoR Principles and Approach | - MoR framework overview - Governance and embedding risk management |
| Risk Assessment | - Likelihood and impact evaluation - Risk prioritization methods |
| Introduction to Risk Management | - Basic risk concepts and terminology - Purpose and benefits of risk management |
EXIN Management of Risk Foundation Sample Questions:
Which is NOT described in the M_o_R risk management process guide?
- A. Templates, their purpose and locations
- B. Roles and responsibilities for the process
- C. Procedures for escalation and delegation between the different perspectives
- D. Tools and techniques to support the risk management process steps
Correct Answer: C 🗳️
Which is used to review how well an organization has embedded M_o_R?
- A. Early warning indicators
- B. Risk management health check
- C. Monetary benefit measurement
- D. Risk improvement plan
Correct Answer: B 🗳️
Which technique can be used to clarify potential sources of risks across an activity?
- A. Probabilistic risk models
- B. Summary risk profiles
- C. Risk breakdown structure
- D. Decision trees
Correct Answer: C 🗳️
What ensures that an organization's implementation of the M_o_R approach' and 'M_o_R process' undergoes frequent improvement to remain effective?
- A. Corporate governance
- B. Internal controls
- C. Contingency planning
- D. Embedding and reviewing
Correct Answer: D 🗳️
What is risk exposure?
- A. System by which organizations are directed and controlled
- B. Amount of risk the organization, or subset of it, is willing to accept
- C. Combined effect of risks to a set of objectives
- D. Maximum amount of risk that an organization can bear
Correct Answer: C 🗳️
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