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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Identification and Assessment | - Risk identification techniques - Qualitative and quantitative risk assessment - Risk categorization and prioritization |
| Topic 2: Risk Response Planning | - Contingency planning - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses |
| Topic 3: Risk Management Principles | - Risk appetite and risk tolerance - Objectives and benefits of risk management - Definition of risk and risk management concepts |
| Topic 4: M_o_R Framework | - Overview of M_o_R principles and approach - Embedding risk management in organizational processes - Roles and responsibilities in risk governance |
| Topic 5: Risk Monitoring and Control | - Continuous improvement in risk management - Risk monitoring techniques - Reporting and escalation processes |
EXIN Management of Risk Foundation Sample Questions:
Question 1
Which perspective ensures risk management maintains a view of the adequacy of controls that support service delivery to satisfy the fits the context principle?
A. Project
B. Strategic
C. Programme
D. Operational
Question 2
Which can be used to measure the impact a risk management awareness programme has on an organization?
A. Gateway reviews
B. Brainstorming
C. Risk questionnaires
D. Benchmarking
Question 3
Which information does the 'PESTLE analysis' technique help to discover?
A. External factors that may have an impact on an activity
B. Risks identified on previous similar activities
C. Identification of who should communicate with key stakeholders involved in an activity
D. Future developments that are at the margins of current thinking and planning
Question 4
Which is a benefit of effective risk management?
A. Removes the organization's need to take risks
B. Staff members are better prepared to respond to incidents
C. Activity plans are agreed before the activity commences
D. Guarantees business benefits will be delivered
Question 5
Which is NOT a use of the 'horizon scanning' technique?
A. Assessing how emerging trends could affect the organization's objectives
B. Conducting a wide scan of the current external environment
C. Facilitating the identification of changes that may affect the organization's risk exposure
D. Identifying long-term developments that could affect the organization's objectives
Solutions:
| Question 1 Answer: D | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: B |
