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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Monitoring and Control | - Continuous improvement in risk management - Reporting and escalation processes - Risk monitoring techniques |
| Topic 2: Risk Management Principles | - Risk appetite and risk tolerance - Objectives and benefits of risk management - Definition of risk and risk management concepts |
| Topic 3: Risk Identification and Assessment | - Risk identification techniques - Qualitative and quantitative risk assessment - Risk categorization and prioritization |
| Topic 4: Risk Response Planning | - Contingency planning - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) |
| Topic 5: M_o_R Framework | - Overview of M_o_R principles and approach - Embedding risk management in organizational processes - Roles and responsibilities in risk governance |
EXIN Management of Risk Foundation Sample Questions:
Which is a responsibility of the M_o_R senior team role?
- A. Ensure an escalation process is in place
- B. Develop plans to improve risk management
- C. Ensure adequate resources are available to implement the risk management strategy
- D. Maintain ownership of the risk management policy
Correct Answer: D 🗳️
Which is recorded in the risk register in the 'identify - risks' step?
- A. Responses to risks
- B. Description of the risk
- C. Lessons learned from completed activities
- D. Assessed probability of risks
Correct Answer: B 🗳️
Which BEST describes the 'reduce the threat' risk response option?
- A. Monitoring a risk to ensure it remains within acceptable tolerance
- B. Changing the planned tasks in an activity
- C. Performing an action to minimise the chance of a risk impacting objectives
- D. Partaking in a pain/gain contract with another party for a specified risk
Correct Answer: C 🗳️
What document describes how risk management activities relate to the achievement of strategic objectives?
- A. Risk management process guide
- B. Risk management policy
- C. Risk register
- D. Risk progress report
Correct Answer: B 🗳️
Which is a goal of the 'plan' process step?
- A. Set the risk tolerance of an activity
- B. Agree the timing of the risk communications plan
- C. Understand an activity's pre-response risk exposure
- D. Choose appropriate actions to deal with risks
Correct Answer: D 🗳️
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