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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Risk Monitoring and Control | - Continuous improvement in risk management
- Reporting and escalation processes
- Risk monitoring techniques
|
| Topic 2: Risk Management Principles | - Definition of risk and risk management concepts
- Objectives and benefits of risk management
- Risk appetite and risk tolerance
|
| Topic 3: Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept)
- Designing and implementing risk responses
- Contingency planning
|
| Topic 4: M_o_R Framework | - Roles and responsibilities in risk governance
- Overview of M_o_R principles and approach
- Embedding risk management in organizational processes
|
| Topic 5: Risk Identification and Assessment | - Qualitative and quantitative risk assessment
- Risk identification techniques
- Risk categorization and prioritization
|
EXIN Management of Risk Foundation Sample Questions:
1. Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?
A) Implementing business strategy to improve organizational performance
B) Developing plans to improve the overall efficiency of the organization
C) Maintaining the appropriate levels of service delivery to new and existing customers
D) Delivering defined business change products within budget and on time
2. Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?
A) Evaluate the effectiveness of risk management across the organization
B) Calculate the total risk exposure for the activity
C) Determine which risks are independent of other risks
D) Determine which other risks will occur if a risk occurs
3. Which is NOT a use of the 'horizon scanning' technique?
A) Conducting a wide scan of the current external environment
B) Facilitating the identification of changes that may affect the organization's risk exposure
C) Identifying long-term developments that could affect the organization's objectives
D) Assessing how emerging trends could affect the organization's objectives
4. Which is a responsibility of the team?
A) Ensure adequate resources are available to implement the risk management strategy
B) Develop the risk improvement plan
C) Identify and escalate risks
D) Run risk management workshops
5. What may be recorded in the risk register during the 'identify - risks' step?
A) An action required to mitigate an identified risk
B) A risk description expressed as a cause, event and effect
C) The probability and impact of an identified risk
D) The risk actionee for an identified risk response
Solutions:
Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |