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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Topic 1: MoR Principles and Approach- Governance and embedding risk management
- MoR framework overview
Topic 2: Risk Assessment- Likelihood and impact evaluation
- Risk prioritization methods
Topic 3: Risk Communication and Reporting- Risk reporting structures
- Stakeholder communication
Topic 4: Risk Response and Control- Risk response options (avoid, reduce, transfer, accept)
- Control selection and implementation
Topic 5: Introduction to Risk Management- Purpose and benefits of risk management
- Basic risk concepts and terminology
Topic 6: Risk Identification- Risk description techniques
- Risk sources and categories

EXIN Management of Risk Foundation Sample Questions:

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

A) Developing plans to improve the overall efficiency of the organization
B) Delivering defined business change products within budget and on time
C) Maintaining the appropriate levels of service delivery to new and existing customers
D) Implementing business strategy to improve organizational performance


2. What document describes how risk management activities relate to the achievement of strategic objectives?

A) Risk register
B) Risk progress report
C) Risk management policy
D) Risk management process guide


3. Which is used in the calculation of 'inherent' risk exposure?

A) Likelihood of a secondary risk occurring
B) Effect on objectives if a risk occurs after completed risk response actions
C) Probability of a risk before risk response actions are implemented
D) Proximity of a risk before risk response actions are implemented


4. What principle is supported by early warning indicators?

A) Informs decision-making
B) Aligns with objectives
C) Fits the context
D) Engages stakeholders


5. What is risk exposure?

A) Amount of risk the organization, or subset of it, is willing to accept
B) Combined effect of risks to a set of objectives
C) Maximum amount of risk that an organization can bear
D) System by which organizations are directed and controlled


Solutions:

Question # 1
Answer: B
Question # 2
Answer: C
Question # 3
Answer: C
Question # 4
Answer: A
Question # 5
Answer: B

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