Exam Name: Management of Risk Foundation
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: M_o_R Process | 40% | - Implement responses - Communicate and consult - Plan responses - Identify risks - Assess risks (estimate and evaluate) |
| Topic 2: M_o_R Principles | 20% | - Facilitate continual improvement - Provide clear guidance - Be open and responsive - Align with objectives - Fit the context - Involve stakeholders |
| Topic 3: M_o_R Approach | 25% | - Risk improvement plan - Risk management process guide - Roles and responsibilities - Risk management policy - Risk register |
| Topic 4: Embedding and Reviewing M_o_R | 15% | - Risk culture and maturity - Reviewing and improving - Embedding risk management |
EXIN Management of Risk Foundation Sample Questions:
Identify the missing words in the following sentence. In order to safeguard value-creating activities, [ ? ] is used to build an effective response to threats.
- A. project management
- B. business continuity management
- C. corporate governance
- D. programme management
Correct Answer: B 🗳️
Which is NOT a recommended risk response option for an 'opportunity'?
- A. Share
- B. Reduce
- C. Enhance
- D. Transfer
Correct Answer: B 🗳️
Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.
- A. perform
- B. manage
- C. record
- D. plan
Correct Answer: D 🗳️
Which is NOT a purpose of 'embedding and reviewing M_o_R'?
- A. Identifies the opportunities for updating existing risk management practices.
- B. Reviewing risk descriptions as a result of changes to the context
- C. Assessing the implementation of risk management
- D. Improving the risk culture of an organization
Correct Answer: B 🗳️
Which is used to review how well an organization has embedded M_o_R?
- A. Risk improvement plan
- B. Monetary benefit measurement
- C. Early warning indicators
- D. Risk management health check
Correct Answer: D 🗳️
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