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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Assessment | - Risk prioritization methods - Likelihood and impact evaluation |
| Risk Identification | - Risk sources and categories - Risk description techniques |
| Risk Response and Control | - Control selection and implementation - Risk response options (avoid, reduce, transfer, accept) |
| Risk Communication and Reporting | - Stakeholder communication - Risk reporting structures |
| MoR Principles and Approach | - MoR framework overview - Governance and embedding risk management |
| Introduction to Risk Management | - Purpose and benefits of risk management - Basic risk concepts and terminology |
EXIN Management of Risk Foundation Sample Questions:
Which specialism has been developed to offer business as usual in the quickest possible time in the event of an emergency?
- A. Incident and crisis management
- B. Business continuity management
- C. Health and safety management
- D. Reputational risk management
Correct Answer: B 🗳️
Which BEST describes an area of uncertainty at the strategic perspective?
- A. Changes to scope, quality, cost and schedule of business products
- B. Impact of business changes on current organizational performance
- C. Ability of the infrastructure to meet the required level of service
- D. Stakeholder opinions of operational activities that may affect the organizational reputation
Correct Answer: D 🗳️
Which is a goal of the 'assess - evaluate' step?
- A. Obtain information about the external factors that may affect the planned activity
- B. Calculate the total risk exposure to the activity
- C. Gather information about threats to the organization that may reduce the likelihood of the activity succeeding
- D. Understand the organization's approach to managing risk
Correct Answer: B 🗳️
Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process.
- A. a high-risk appetite
- B. an assigned risk owner
- C. appropriate responses to risks
- D. clear guidance for managers and staff
Correct Answer: D 🗳️
What is an issue?
- A. An uncertain event that may occur in the future
- B. An intangible artefact produced as a result of a planned activity
- C. An outcome perceived as negative by one or more stakeholders
- D. A relevant event that has happened requiring management action
Correct Answer: D 🗳️
