Exam Name: Management of Risk Foundation
Certification Provider: EXIN
Corresponding Certification: Exin Certification
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Communication and Reporting | - Stakeholder communication - Risk reporting structures |
| Topic 2: Risk Identification | - Risk description techniques - Risk sources and categories |
| Topic 3: Introduction to Risk Management | - Basic risk concepts and terminology - Purpose and benefits of risk management |
| Topic 4: Risk Response and Control | - Control selection and implementation - Risk response options (avoid, reduce, transfer, accept) |
| Topic 5: MoR Principles and Approach | - Governance and embedding risk management - MoR framework overview |
| Topic 6: Risk Assessment | - Risk prioritization methods - Likelihood and impact evaluation |
EXIN Management of Risk Foundation Sample Questions:
Which is identified by use of the 'SWOT analysis' technique?
- A. Roles and responsibilities of those involved in an activity
- B. Stakeholders involved in an activity
- C. Net effect of risks on the objectives of an activity
- D. Factors that may impact the objectives of an activity
Correct Answer: D 🗳️
Which action does NOT contribute to achieving the goal of the 'identify - risks' step?
- A. Obtain information about the external and internal factors that may affect the planned activity
- B. Describe risks faced by the organization that may prevent an activity from succeeding
- C. Define an activity's key performance indicators
- D. Understand a stakeholder's view of an activity's risk profile
Correct Answer: A 🗳️
What is the goal of the 'assess - estimate' step?
- A. Determine the risks with the greatest effect on an activities objectives
- B. Assess the effectiveness of the risk management processes within an organization
- C. Estimate and agree the budget required to manage risks to the activity
- D. Identify the threats and opportunities facing the organizational activity
Correct Answer: A 🗳️
What document separately describes the steps required to implement risk management within an organization?
- A. Risk management process guide
- B. Risk management strategy
- C. Business continuity plan
- D. Risk management policy
Correct Answer: A 🗳️
Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?
- A. Developing plans to improve the overall efficiency of the organization
- B. Implementing business strategy to improve organizational performance
- C. Maintaining the appropriate levels of service delivery to new and existing customers
- D. Delivering defined business change products within budget and on time
Correct Answer: D 🗳️
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