- Exam Code: EX0-004
- Exam Name: Management of Risk Foundation
- Certification Provider: EXIN
- Corresponding Certification:Exin Certification
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Identification | - Risk sources and categories - Risk description techniques |
| Topic 2: Risk Assessment | - Risk prioritization methods - Likelihood and impact evaluation |
| Topic 3: Risk Response and Control | - Risk response options (avoid, reduce, transfer, accept) - Control selection and implementation |
| Topic 4: MoR Principles and Approach | - MoR framework overview - Governance and embedding risk management |
| Topic 5: Introduction to Risk Management | - Purpose and benefits of risk management - Basic risk concepts and terminology |
| Topic 6: Risk Communication and Reporting | - Stakeholder communication - Risk reporting structures |
EXIN Management of Risk Foundation Sample Questions:
Question 1
Which BEST describes an area of uncertainty at the programme perspective?
A. Disruptions to operations during business change implementation
B. Changes to the scope of defined business products
C. Introduction of new laws that affect core business activities
D. Availability of resources for the day-to-day delivery of services to customers
Question 2
What is represented graphically on a 'summary risk profile'?
A. Proximity of the identified risks
B. Risk capacity for the activity
C. Summary of the actions required to respond to the risks in the activity
D. Information found in the risk register
Question 3
What is the purpose of using an M_o_R'health check'?
A. Provide alternative assurance and approval processes at key decision points within a programme
B. Understand the nature of risks facing an organization and the actions needed to respond
C. Show which organizational activities that risk management should be applied to
D. Examine an organization's current risk management practices to identify areas for improvement
Question 4
Which information does the 'PESTLE analysis' technique help to discover?
A. Future developments that are at the margins of current thinking and planning
B. External factors that may have an impact on an activity
C. Identification of who should communicate with key stakeholders involved in an activity
D. Risks identified on previous similar activities
Question 5
Which heading in a 'risk register is used to record the area of uncertainty?
A. Event
B. Probability
C. Effect
D. Cause
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: A |
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