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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: MoR Principles and Approach | - MoR framework overview - Governance and embedding risk management |
| Topic 3: Risk Response and Control | - Control selection and implementation - Risk response options (avoid, reduce, transfer, accept) |
| Topic 4: Introduction to Risk Management | - Basic risk concepts and terminology - Purpose and benefits of risk management |
| Topic 5: Risk Assessment | - Likelihood and impact evaluation - Risk prioritization methods |
| Topic 6: Risk Communication and Reporting | - Stakeholder communication - Risk reporting structures |
EXIN Management of Risk Foundation Sample Questions:
Which specialism has been developed to offer business as usual in the quickest possible time in the event of an emergency?
- A. Incident and crisis management
- B. Reputational risk management
- C. Business continuity management
- D. Health and safety management
Correct Answer: C 🗳️
What is the difference between a risk and an issue?
- A. An issue impacts on quality, a risk impacts on benefits
- B. A risk can impact on all activities, an issue impacts on project deliverables only
- C. An Issue is a risk that has occurred, a risk is yet to occur
- D. An issue has a short time-scale proximity and risk has medium- or long-term proximity
Correct Answer: C 🗳️
Which is NOT a reason for carrying out an'M_o_R health check?
- A. Provide a snapshot of the current status of identified risks
- B. Review how well risk management practices have been embedded
- C. Identify areas for improvement
- D. Help gain maximum value from investment in risk management
Correct Answer: A 🗳️
What risk management specialism is focused on ensuring an organization keeps operating following an incident?
- A. Business continuity management
- B. Health and safety
- C. Financial risk management
- D. Safety and security
Correct Answer: A 🗳️
Which BEST describes the 'reduce the threat' risk response option?
- A. Monitoring a risk to ensure it remains within acceptable tolerance
- B. Performing an action to minimise the chance of a risk impacting objectives
- C. Partaking in a pain/gain contract with another party for a specified risk
- D. Changing the planned tasks in an activity
Correct Answer: B 🗳️
