EXIN EX0-004 exam dumps : Management of Risk Foundation

  • Exam Code: EX0-004
  • Exam Name: Management of Risk Foundation
  • Updated: Jul 22, 2026     Q & A: 140 Questions and Answers

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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Introduction to Risk Management- Basic risk concepts and terminology
- Purpose and benefits of risk management
Risk Communication and Reporting- Stakeholder communication
- Risk reporting structures
MoR Principles and Approach- Governance and embedding risk management
- MoR framework overview
Risk Assessment- Risk prioritization methods
- Likelihood and impact evaluation
Risk Response and Control- Risk response options (avoid, reduce, transfer, accept)
- Control selection and implementation
Risk Identification- Risk sources and categories
- Risk description techniques

EXIN Management of Risk Foundation Sample Questions:

1. What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour?

A) Informs decision-making
B) Facilitates continual improvement
C) Achieves measurable value
D) Creates a supportive culture


2. Which is NOT a use of the 'SWOT analysis' technique?

A) Create an understanding of a current market position
B) Identify external factors that may have an effect on the organization's objectives
C) Provide an internal and external environmental analysis when used with other techniques
D) Identify long-term developments that could affect the organization's objectives


3. Which role provides sponsorship to ensure that risk management is embraced within the organization?

A) Assurance
B) Risk specialist
C) Manager
D) Senior manager


4. Which action is NOT needed in order for risk management to be effective?

A) Assess the risk
B) Identify the risk
C) Control the risk
D) Eliminate the risk


5. Which heading in a 'risk register is used to record the area of uncertainty?

A) Event
B) Cause
C) Effect
D) Probability


Solutions:

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

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