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EXIN EX0-004 Exam Syllabus Topics:

Section	Objectives
Topic 1: Risk Management Principles	- Objectives and benefits of risk management - Risk appetite and risk tolerance - Definition of risk and risk management concepts
Topic 2: Risk Monitoring and Control	- Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management
Topic 3: Risk Response Planning	- Designing and implementing risk responses - Contingency planning - Risk response options (avoid, reduce, transfer, accept)
Topic 4: M_o_R Framework	- Overview of M_o_R principles and approach - Embedding risk management in organizational processes - Roles and responsibilities in risk governance
Topic 5: Risk Identification and Assessment	- Risk categorization and prioritization - Qualitative and quantitative risk assessment - Risk identification techniques

EXIN Management of Risk Foundation Sample Questions:

Question 1

Which defines the inherent probability of a risk?

A. Likelihood of an issue occurring before implementing a risk response
B. Effect of the risk on the activity after implementing a risk response
C. Calculation of the timeframe and urgency of a risk prior to a risk response
D. Chance of a risk occurring before implementing a risk response

Question 2

What principle promotes dialogue with affected parties in a timely manner to help achieve organizational objectives?

A. Fits the context
B. Achieves measurable value
C. Engages stakeholders
D. Aligns with objectives

Question 3

Which of the M_o_R framework core concepts is informed by corporate governance principles and the international standard for risk management ISO31000:2009?

A. M_o_R principles
B. M_o_R approach
C. M_o_R process
D. Embedding and reviewing M_o_R

Question 4

Which is a responsibility of the senior team role?

A. Agree the timing of risk progress reports for an activity
B. Specify the required budget to fund risks
C. Document the importance of risk management towards achieving organizational objectives
D. Approve assessments of risk probability, impact and proximity

Question 5

Which activity is focused on when the 'aligns with objectives' principle is applied to the project perspective?

A. Maintaining the appropriate level of business services to customers
B. Ensuring the on-going viability of the organization
C. Enhancing an existing capability to improve organizational performance
D. Delivering a defined business change product within budget

Solutions:

Question 1
Answer: D

Question 2
Answer: C

Question 3
Answer: A

Question 4
Answer: C

Question 5
Answer: D