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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| MoR Principles and Approach | - Governance and embedding risk management - MoR framework overview |
| Risk Communication and Reporting | - Risk reporting structures - Stakeholder communication |
| Risk Response and Control | - Control selection and implementation - Risk response options (avoid, reduce, transfer, accept) |
| Risk Assessment | - Likelihood and impact evaluation - Risk prioritization methods |
| Introduction to Risk Management | - Basic risk concepts and terminology - Purpose and benefits of risk management |
| Risk Identification | - Risk sources and categories - Risk description techniques |
EXIN Management of Risk Foundation Sample Questions:
What may be recorded in the risk register during the 'identify - risks' step?
- A. The probability and impact of an identified risk
- B. A risk description expressed as a cause, event and effect
- C. The risk actionee for an identified risk response
- D. An action required to mitigate an identified risk
Correct Answer: B 🗳️
Which describes the threat response option 'accept the risk'?
- A. Partake in a pain/gain contract with another party for the specified risk
- B. Carry out an action to make the uncertain situation certain
- C. Take no action except monitor the risk to ensure it remains tolerable
- D. Perform an action to minimize the impact of the risk should it occur
Correct Answer: C 🗳️
What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?
- A. Provides clear guidance
- B. Facilitates continual improvement
- C. Achieves measurable value
- D. Informs decision making
Correct Answer: B 🗳️
Which is a purpose of the 'risk management policy'?
- A. Describe how risk management practices will be implemented throughout an organization
- B. Explain the actions required to implement risk management
- C. Record information about threats and opportunities for an organizational activity
- D. Define the Specific risk management activities that will be performed for an activity
Correct Answer: A 🗳️
What objectives are associated with decisions on risks to the achievement of long-term goals?
- A. Programme
- B. Operational
- C. Project
- D. Strategic
Correct Answer: D 🗳️
