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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk categorization and prioritization - Risk identification techniques |
| Topic 2: Risk Response Planning | - Contingency planning - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses |
| Topic 3: M_o_R Framework | - Embedding risk management in organizational processes - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance |
| Topic 4: Risk Management Principles | - Definition of risk and risk management concepts - Risk appetite and risk tolerance - Objectives and benefits of risk management |
| Topic 5: Risk Monitoring and Control | - Risk monitoring techniques - Continuous improvement in risk management - Reporting and escalation processes |
EXIN Management of Risk Foundation Sample Questions:
1. Which is used in the calculation of 'inherent' risk exposure?
A) Likelihood of a secondary risk occurring
B) Proximity of a risk before risk response actions are implemented
C) Effect on objectives if a risk occurs after completed risk response actions
D) Probability of a risk before risk response actions are implemented
2. What may be recorded in the risk register during the 'identify - risks' step?
A) The risk actionee for an identified risk response
B) The probability and impact of an identified risk
C) A risk description expressed as a cause, event and effect
D) An action required to mitigate an identified risk
3. Which step has a goal of checking the success of risk responses?
A) Assess-estimate
B) Implement
C) Assess - evaluate
D) Plan
4. Which describes the threat response option 'accept the risk'?
A) Take no action except monitor the risk to ensure it remains tolerable
B) Partake in a pain/gain contract with another party for the specified risk
C) Perform an action to minimize the impact of the risk should it occur
D) Carry out an action to make the uncertain situation certain
5. What step is used to determine those risks which have the greatest effect on the objectives of a planned activity?
A) Assess
B) Implement
C) Identify
D) Plan
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
