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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 |
| Introduction to Risk Management | - Purpose and benefits of risk management - Basic risk concepts and terminology |
| MoR Principles and Approach | - Governance and embedding risk management - MoR framework overview |
| Risk Communication and Reporting | - Risk reporting structures - Stakeholder communication |
| Risk Identification | - Risk description techniques - Risk sources and categories |
| Risk Assessment | - Risk prioritization methods - Likelihood and impact evaluation |
EXIN Management of Risk Foundation Sample Questions:
1. What is the difference between a risk and an issue?
A) An Issue is a risk that has occurred, a risk is yet to occur
B) An issue impacts on quality, a risk impacts on benefits
C) An issue has a short time-scale proximity and risk has medium- or long-term proximity
D) A risk can impact on all activities, an issue impacts on project deliverables only
2. Which BEST describes an area of uncertainty at the strategic perspective?
A) Ability of the infrastructure to meet the required level of service
B) Impact of business changes on current organizational performance
C) Changes to scope, quality, cost and schedule of business products
D) Stakeholder opinions of operational activities that may affect the organizational reputation
3. Which BEST describes an area of uncertainty at the programme perspective?
A) Interdependences between business change initiatives
B) Ability of the infrastructure to meet the required level of service
C) Operational activities that may affect the organizational reputation
D) Changes to customer requirements for business products
4. Which BEST describes an area of uncertainty at the operational perspective?
A) Availability of skills required to deliver services to customers
B) Minimizing disruptions to customer services during transformational change
C) Damage to the organization's infrastructure
D) Variation to the schedule of a defined business product
5. Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?
A) Risk owner
B) Senior team
C) Audit committee
D) Team
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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