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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| 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:
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
Correct Answer: D 🗳️
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
Correct Answer: D 🗳️
Which role provides sponsorship to ensure that risk management is embraced within the organization?
- A. Assurance
- B. Risk specialist
- C. Manager
- D. Senior manager
Correct Answer: D 🗳️
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
Correct Answer: D 🗳️
Which heading in a 'risk register is used to record the area of uncertainty?
- A. Event
- B. Cause
- C. Effect
- D. Probability
Correct Answer: A 🗳️
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