Exam Name: Management of Risk Foundation
Certification Provider: EXIN
Corresponding Certification: Exin Certification
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| M_o_R Principles | 20% | - Facilitate continual improvement - Align with objectives - Involve stakeholders - Provide clear guidance - Be open and responsive - Fit the context |
| Embedding and Reviewing M_o_R | 15% | - Risk culture and maturity - Embedding risk management - Reviewing and improving |
| M_o_R Approach | 25% | - Risk management process guide - Risk register - Risk management policy - Roles and responsibilities - Risk improvement plan |
| M_o_R Process | 40% | - Implement responses - Plan responses - Assess risks (estimate and evaluate) - Communicate and consult - Identify risks |
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. programme management
- B. corporate governance
- C. business continuity management
- D. project management
Correct Answer: C 🗳️
Which describes 'residual' risk exposure?
- A. Effect on objectives if a risk occurs after implementing risk response actions
- B. Proximity of a risk before risk response actions are completed
- C. Probability of a secondary risk occurring
- D. Chance of a risk occurring before risk response actions commence
Correct Answer: A 🗳️
Which is a responsibility of a 'risk actionee'?
- A. Perform a risk response action to respond to a particular risk
- B. Develop strategies to improve the management of risk
- C. Manage all aspects of an assigned risk
- D. Identify risks that might occur to activities in their department
Correct Answer: A 🗳️
Which is a goal of the 'assess - evaluate' step?
- A. Evaluate the net cost of planned risk responses
- B. Evaluate the impact, probability and how soon risks might occur
- C. Assess and evaluate the effectiveness of procedures for managing risks
- D. Calculate the net effect of risks facing the activity
Correct Answer: D 🗳️
What is the goal of the 'assess - estimate' step?
- A. Estimate and agree the budget required to manage risks to the activity
- B. Identify the threats and opportunities facing the organizational activity
- C. Determine the risks with the greatest effect on an activities objectives
- D. Assess the effectiveness of the risk management processes within an organization
Correct Answer: C 🗳️
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