Exam Name: Management of Risk Foundation
Certification Provider: EXIN
Corresponding Certification: Exin Certification
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| M_o_R Process | 40% | - Communicate and consult - Identify risks - Implement responses - Assess risks (estimate and evaluate) - Plan responses |
| M_o_R Principles | 20% | - Provide clear guidance - Fit the context - Facilitate continual improvement - Be open and responsive - Involve stakeholders - Align with objectives |
| Embedding and Reviewing M_o_R | 15% | - Embedding risk management - Risk culture and maturity - Reviewing and improving |
| M_o_R Approach | 25% | - Risk management policy - Risk improvement plan - Risk register - Risk management process guide - Roles and responsibilities |
EXIN Management of Risk Foundation Sample Questions:
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
Correct Answer: A 🗳️
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
Correct Answer: B 🗳️
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
Correct Answer: B 🗳️
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
Correct Answer: D 🗳️
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
Correct Answer: A 🗳️
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