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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| M_o_R Process | 40% | - Plan responses - Implement responses - Identify risks - Assess risks (estimate and evaluate) - Communicate and consult |
| Embedding and Reviewing M_o_R | 15% | - Embedding risk management - Reviewing and improving - Risk culture and maturity |
| M_o_R Approach | 25% | - Roles and responsibilities - Risk management process guide - Risk register - Risk improvement plan - Risk management policy |
| M_o_R Principles | 20% | - Provide clear guidance - Fit the context - Align with objectives - Facilitate continual improvement - Be open and responsive - Involve stakeholders |
EXIN Management of Risk Foundation Sample Questions:
Question 1
What step is used to determine the time period when a risk might occur?
A. Assess - evaluate
B. Identify - risks
C. Assess - estimate
D. Identify-context
Question 2
Which is used to determine 'inherent' risk exposure?
A. Effect on objectives if a risk occurs before starting to tackle risks
B. Proximity of a risk after implementation of risk response actions
C. Impact of a secondary risk if it occurs
D. Likelihood of a risk occurring after completed risk response actions
Question 3
Which is a benefit of effective risk management?
A. Guarantees business benefits will be delivered
B. Removes the organization's need to take risks
C. Staff members are better prepared to respond to incidents
D. Activity plans are agreed before the activity commences
Question 4
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. Embedding and reviewing
B. Contingency planning
C. Corporate governance
D. Internal controls
Question 5
What is the goal of the 'assess - estimate' step?
A. Estimate and agree the budget required to manage risks to the activity
B. Assess the effectiveness of the risk management processes within an organization
C. Identify the threats and opportunities facing the organizational activity
D. Determine the risks with the greatest effect on an activities objectives
Solutions:
| Question 1 Answer: C | Question 2 Answer: A | Question 3 Answer: C | Question 4 Answer: A | Question 5 Answer: D |
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