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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Response Planning | - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) - Contingency planning |
| Risk Identification and Assessment | - Risk identification techniques - Risk categorization and prioritization - Qualitative and quantitative risk assessment |
| Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| M_o_R Framework | - Roles and responsibilities in risk governance - Embedding risk management in organizational processes - Overview of M_o_R principles and approach |
| Risk Management Principles | - Objectives and benefits of risk management - Risk appetite and risk tolerance - Definition of risk and risk management concepts |
EXIN Management of Risk Foundation Sample Questions:
1. Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.
A) perform
B) plan
C) manage
D) record
2. Which is an M_o_R principle?
A) Changes the culture of risk management
B) Achieves measurable value
C) Embedding and reviewing
D) Supports organizational performance
3. Which explains a use of the risk management policy in the identify context' step?
A) Understand the maximum amount of risk that should be taken
B) Identifies changes to the organization's market
C) Identifies how past events could become sources of risk
D) Describes how corporate governance will affect the risk management process
4. What ensures that an organization's implementation of the M_o_R approach' and 'M_o_R process' undergoes frequent improvement to remain effective?
A) Internal controls
B) Contingency planning
C) Corporate governance
D) Embedding and reviewing
5. Which is needed together with the risk management policy and risk management process guide to form an'M_o_R approach'?
A) Risk response plan
B) Risk progress report
C) Risk management strategy
D) Risk register
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
