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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| M_o_R Framework | - Embedding risk management in organizational processes - Roles and responsibilities in risk governance - Overview of M_o_R principles and approach |
| Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk identification techniques - Risk categorization and prioritization |
| Risk Management Principles | - Objectives and benefits of risk management - Definition of risk and risk management concepts - Risk appetite and risk tolerance |
| Risk Response Planning | - Contingency planning - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) |
| Risk Monitoring and Control | - Reporting and escalation processes - Continuous improvement in risk management - Risk monitoring techniques |
EXIN Management of Risk Foundation Sample Questions:
Which describes the threat response option 'accept the risk'?
- A. Perform an action to minimize the impact of the risk should it occur
- B. Carry out an action to make the uncertain situation certain
- C. Take no action except monitor the risk to ensure it remains tolerable
- D. Partake in a pain/gain contract with another party for the specified risk
Correct Answer: C 🗳️
Which BEST describes an area of uncertainty at the programme perspective?
- A. Changes to the scope of defined business products
- B. Availability of resources for the day-to-day delivery of services to customers
- C. Introduction of new laws that affect core business activities
- D. Disruptions to operations during business change implementation
Correct Answer: D 🗳️
Which is a responsibility of the M_o_R risk specialist role?
- A. Develop plans to improve risk management
- B. Establish how risk management will be integrated with performance management
- C. Ensure that risk management strategies have been created
- D. Review progress to develop the risk management policy
Correct Answer: A 🗳️
What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?
- A. Risk appetite
- B. Risk perception
- C. Risk tolerance
- D. Risk capacity
Correct Answer: C 🗳️
Identify the missing word in the following sentence, The focus of risk management at the [ ? ] perspective is delivering a defined business product through a temporary organization. .
- A. strategic
- B. operational
- C. programme
- D. project
Correct Answer: D 🗳️
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