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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Risk Identification and Assessment- Risk identification techniques
- Risk categorization and prioritization
- Qualitative and quantitative risk assessment
Risk Response Planning- Designing and implementing risk responses
- Risk response options (avoid, reduce, transfer, accept)
- Contingency planning
M_o_R Framework- Roles and responsibilities in risk governance
- Overview of M_o_R principles and approach
- Embedding risk management in organizational processes
Risk Monitoring and Control- Risk monitoring techniques
- Continuous improvement in risk management
- Reporting and escalation processes
Risk Management Principles- Objectives and benefits of risk management
- Risk appetite and risk tolerance
- Definition of risk and risk management concepts

EXIN Management of Risk Foundation Sample Questions:

1. Identify the missingword(s) in the following sentence. The risk [ ? ] used during the 'implement' step compares the performance of response actions with their planned outcomes.

A) register
B) management strategy
C) response plan
D) progress report


2. What is a 'central risk function'?

A) A group that may pose a risk to objectives through its opposition to plans
B) A group responsible for approving the funding for risk management
C) A group that acts on risks escalated from other perspectives
D) A group with formal responsibility for supporting strategic risk management


3. Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.

A) programme
B) operational
C) strategic
D) project


4. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that organizations learn from their mistakes.

A) facilitates continual improvement
B) provides clear guidance
C) achieves measurable value
D) creates a supportive culture


5. Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?

A) Fits the context
B) Informs decision-making
C) Provides clear guidance
D) Aligns with objectives


Solutions:

Question # 1
Answer: D
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: A
Question # 5
Answer: D

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