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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: M_o_R Principles | 20% | - Align with objectives - Be open and responsive - Facilitate continual improvement - Provide clear guidance - Involve stakeholders - Fit the context |
| Topic 2: Embedding and Reviewing M_o_R | 15% | - Risk culture and maturity - Reviewing and improving - Embedding risk management |
| Topic 3: M_o_R Process | 40% | - Communicate and consult - Plan responses - Implement responses - Identify risks - Assess risks (estimate and evaluate) |
| Topic 4: M_o_R Approach | 25% | - Roles and responsibilities - Risk improvement plan - Risk management policy - Risk management process guide - Risk register |
EXIN Management of Risk Foundation Sample Questions:
1. Which can be used to measure the impact a risk management awareness programme has on an organization?
A) Brainstorming
B) Risk questionnaires
C) Gateway reviews
D) Benchmarking
2. Which is NOT a use of the 'SWOT analysis' technique?
A) Create an understanding of a current market position
B) Identify external factors that may have an effect on the organization's objectives
C) Provide an internal and external environmental analysis when used with other techniques
D) Identify long-term developments that could affect the organization's objectives
3. Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.
A) strategic
B) programme
C) project
D) operational
4. Which BEST describes the 'reduce the threat' risk response option?
A) Changing the planned tasks in an activity
B) Performing an action to minimise the chance of a risk impacting objectives
C) Monitoring a risk to ensure it remains within acceptable tolerance
D) Partaking in a pain/gain contract with another party for a specified risk
5. What is the initial probability recorded in the risk register based on?
A) Stage of the activity
B) Proximity of the risk
C) Post-response assessment
D) Pre-response assessment
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |
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