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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Response Planning | - Contingency planning - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) |
| Topic 2: M_o_R Framework | - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance - Embedding risk management in organizational processes |
| Topic 3: Risk Monitoring and Control | - Reporting and escalation processes - Continuous improvement in risk management - Risk monitoring techniques |
| Topic 4: Risk Identification and Assessment | - Risk identification techniques - Risk categorization and prioritization - Qualitative and quantitative risk assessment |
| Topic 5: Risk Management Principles | - Definition of risk and risk management concepts - Objectives and benefits of risk management - Risk appetite and risk tolerance |
EXIN Management of Risk Foundation Sample Questions:
What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?
- A. Risk tolerance
- B. Risk perception
- C. Risk appetite
- D. Risk capacity
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. Delivering defined business change products within budget and on time
- D. Maintaining the appropriate levels of service delivery to new and existing customers
Correct Answer: C 🗳️
Which describes 'residual' risk exposure?
- A. Chance of a risk occurring before risk response actions commence
- B. Probability of a secondary risk occurring
- C. Proximity of a risk before risk response actions are completed
- D. Effect on objectives if a risk occurs after implementing risk response actions
Correct Answer: D 🗳️
Which is a purpose for carrying out an'M_o_R health check'?
- A. Provide a snapshot of the current status of identified risks
- B. Identify the number of risks emerging in different risk categories
- C. Review how well risk management practices have been embedded
- D. Examine future developments that may affect an organization's level of exposure to risk
Correct Answer: C 🗳️
How is the risk progress report used in the'implement' step?
- A. Identify the status against the activity's stated measures for risk management
- B. Describe actions to enhance how risk management is performed
- C. Gain agreement for the amount of risk that can be taken
- D. Identify the scales used to measure the probability and impact of a risk
Correct Answer: A 🗳️
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