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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Embedding and Reviewing M_o_R | 15% | - Embedding risk management - Reviewing and improving - Risk culture and maturity |
| Topic 2: M_o_R Principles | 20% | - Involve stakeholders - Be open and responsive - Facilitate continual improvement - Align with objectives - Fit the context - Provide clear guidance |
| Topic 3: M_o_R Approach | 25% | - Risk improvement plan - Risk register - Roles and responsibilities - Risk management policy - Risk management process guide |
| Topic 4: M_o_R Process | 40% | - Plan responses - Implement responses - Communicate and consult - Identify risks - Assess risks (estimate and evaluate) |
EXIN Management of Risk Foundation Sample Questions:
Question 1
Which is used in the calculation of 'inherent' risk exposure?
A. Effect on objectives if a risk occurs after completed risk response actions
B. Probability of a risk before risk response actions are implemented
C. Proximity of a risk before risk response actions are implemented
D. Likelihood of a secondary risk occurring
Question 2
What step is used to determine those risks which have the greatest effect on the objectives of a planned activity?
A. Assess
B. Implement
C. Identify
D. Plan
Question 3
What is the purpose of using an M_o_R'health check'?
A. Provide alternative assurance and approval processes at key decision points within a programme
B. Understand the nature of risks facing an organization and the actions needed to respond
C. Show which organizational activities that risk management should be applied to
D. Examine an organization's current risk management practices to identify areas for improvement
Question 4
Which is a purpose of the 'risk management policy'?
A. Explain the actions required to implement risk management
B. Describe how risk management practices will be implemented throughout an organization
C. Define the Specific risk management activities that will be performed for an activity
D. Record information about threats and opportunities for an organizational activity
Question 5
Which is a purpose for carrying out an'M_o_R health check'?
A. Review how well risk management practices have been embedded
B. Examine future developments that may affect an organization's level of exposure to risk
C. Provide a snapshot of the current status of identified risks
D. Identify the number of risks emerging in different risk categories
Solutions:
| Question 1 Answer: B | Question 2 Answer: A | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: A |
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