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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Topic 1: M_o_R Framework- Roles and responsibilities in risk governance
- Embedding risk management in organizational processes
- Overview of M_o_R principles and approach
Topic 2: Risk Monitoring and Control- Reporting and escalation processes
- Continuous improvement in risk management
- Risk monitoring techniques
Topic 3: Risk Response Planning- Risk response options (avoid, reduce, transfer, accept)
- Contingency planning
- Designing and implementing risk responses
Topic 4: Risk Identification and Assessment- Risk identification techniques
- Risk categorization and prioritization
- Qualitative and quantitative risk assessment
Topic 5: Risk Management Principles- Objectives and benefits of risk management
- Definition of risk and risk management concepts
- Risk appetite and risk tolerance

EXIN Management of Risk Foundation Sample Questions:

Which is a responsibility of a 'risk actionee'?

  • A. Perform a risk response action to respond to a particular risk
  • B. Develop strategies to improve the management of risk
  • C. Identify risks that might occur to activities in their department
  • D. Manage all aspects of an assigned risk
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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. project
  • B. strategic
  • C. operational
  • D. programme
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

What step is used to determine the likelihood of a risk occurring?

  • A. Assess - estimate
  • B. Identify-context
  • C. Identify - risks
  • D. Assess - evaluate
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

What is corporate governance?

  • A. The systematic application of principles, an approach and a process to the tasks of managing risk
  • B. A sound system of internal control to ensure that effective management systems have been established to protect the organization
  • C. A standard set of high-level criteria against which the degree of difficulty of a proposed project is assessed
  • D. A plan for the fast and efficient resumption of essential business services
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

What objectives are associated with decisions on risks to the achievement of long-term goals?

  • A. Operational
  • B. Strategic
  • C. Programme
  • D. Project
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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