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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Identification and Assessment | - Risk categorization and prioritization - Risk identification techniques - Qualitative and quantitative risk assessment |
| Risk Management Principles | - Risk appetite and risk tolerance - Definition of risk and risk management concepts - Objectives and benefits of risk management |
| Risk Monitoring and Control | - Reporting and escalation processes - Continuous improvement in risk management - Risk monitoring techniques |
| Risk Response Planning | - Contingency planning - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) |
| M_o_R Framework | - Embedding risk management in organizational processes - Roles and responsibilities in risk governance - Overview of M_o_R principles and approach |
EXIN Management of Risk Foundation Sample Questions:
What is the purpose of using an M_o_R'health check'?
- A. Show which organizational activities that risk management should be applied to
- B. Examine an organization's current risk management practices to identify areas for improvement
- C. Understand the nature of risks facing an organization and the actions needed to respond
- D. Provide alternative assurance and approval processes at key decision points within a programme
Correct Answer: B 🗳️
Which task will be carried out while performing the 'identify - risks' step?
- A. Developing an appropriate response to the identified risks
- B. Ensuring that all participants agree on the identified risks
- C. Calculating when an identified risk is likely to occur
- D. Ranking the importance of the stakeholders involved in the activity
Correct Answer: B 🗳️
Which describes the cause of a risk?
- A. Impact of the risk on an activity
- B. Risk remaining after implementing a risk response
- C. Likelihood of the risk occurring
- D. Potential trigger point for a risk
Correct Answer: D 🗳️
Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?
- A. Risk progress report
- B. Risk response plan
- C. Risk register
- D. Risk management strategy
Correct Answer: D 🗳️
What is risk exposure?
- A. Amount of risk the organization, or subset of it, is willing to accept
- B. Maximum amount of risk that an organization can bear
- C. System by which organizations are directed and controlled
- D. Combined effect of risks to a set of objectives
Correct Answer: D 🗳️
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