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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Response and Control | - Risk response options (avoid, reduce, transfer, accept) - Control selection and implementation |
| Risk Assessment | - Risk prioritization methods - Likelihood and impact evaluation |
| MoR Principles and Approach | - Governance and embedding risk management - MoR framework overview |
| Risk Identification | - Risk description techniques - Risk sources and categories |
| Introduction to Risk Management | - Purpose and benefits of risk management - Basic risk concepts and terminology |
| Risk Communication and Reporting | - Risk reporting structures - Stakeholder communication |
EXIN Management of Risk Foundation Sample Questions:
1. Which defines an'MoR health check'?
A) A list of actions to improve the way risk management is performed
B) An approach to embed the M_o_R principles
C) A benchmarking of current capability
D) A tool to identify how the application of M_o_R might be improved
2. Which is a use of a risk management maturity model?
A) Checking the state of current risk management
B) Carrying out an enterprise wide assessment
C) Enabling organizations to benchmark their current risk management capability
D) Identifying areas where application of risk management can be improved
3. Which is NOT a use of the 'SWOT analysis' technique?
A) Identify long-term developments that could affect the organization's objectives
B) Identify external factors that may have an effect on the organization's objectives
C) Create an understanding of a current market position
D) Provide an internal and external environmental analysis when used with other techniques
4. Identify the missing words in the following sentence. Because organizations [ ? ] they need to use the environmental risk management' specialism.
A) see brand and reputation as key assets
B) fail to deliver minimum standards
C) face financial penalties for polluting waterways
D) are concerned about stakeholder perceptions
5. What is the difference between a risk and an issue?
A) An issue impacts on quality, a risk impacts on benefits
B) An issue has a short time-scale proximity and risk has medium- or long-term proximity
C) A risk can impact on all activities, an issue impacts on project deliverables only
D) An Issue is a risk that has occurred, a risk is yet to occur
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
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