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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which describes the risk response option'share 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) Perform an action to minimise the impact of the risk should it occur
D) Obtain an insurance policy to cover the impact should the risk occur

2. Which task will be carried out while performing the 'identify - risks' step?

A) Developing an appropriate response to the identified risks
B) Ensuring that all participants agree on the identified risks
C) Ranking the importance of the stakeholders involved in the activity
D) Calculating when an identified risk is likely to occur

3. Which is a common barrier to implementing the risk management process?

A) Lack of a high-risk appetite at senior management level
B) Lack of risk facilitation resources and time
C) Lack of an appropriate response to a risk in an activity's risk register
D) Lack of an assigned risk owner

4. Which is used in the calculation of 'inherent' risk exposure?

A) Effect on objectives if a risk occurs after completed risk response actions
B) Proximity of a risk before risk response actions are implemented
C) Likelihood of a secondary risk occurring
D) Probability of a risk before risk response actions are implemented

5. Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.

A) strategic
B) operational
C) project
D) programme

Solutions: