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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Monitoring and Control- Risk monitoring techniques
- Continuous improvement in risk management
- Reporting and escalation processes
Topic 2: M_o_R Framework- Roles and responsibilities in risk governance
- Embedding risk management in organizational processes
- Overview of M_o_R principles and approach
Topic 3: Risk Identification and Assessment- Risk categorization and prioritization
- Risk identification techniques
- Qualitative and quantitative risk assessment
Topic 4: Risk Management Principles- Definition of risk and risk management concepts
- Objectives and benefits of risk management
- Risk appetite and risk tolerance
Topic 5: Risk Response Planning- Designing and implementing risk responses
- Contingency planning
- Risk response options (avoid, reduce, transfer, accept)

EXIN Management of Risk Foundation Sample Questions:

1. Which is NOT a method for obtaining senior management commitment and support for understanding and managing risk?

A) Communicating risk management successes
B) Undertaking qualitative and quantitative assessment of risks
C) Having a board-level sponsor defined and communicated to all staff
D) Having risk delivery linked to performance objectives


2. Which is recorded in the'risk register'?

A) Organizational risk appetite and capacity
B) Events that have already occurred
C) Risk management practices within an organization
D) Threats and opportunities


3. Which action is NOT needed in order for risk management to be effective?

A) Identify the risk
B) Eliminate the risk
C) Control the risk
D) Assess the risk


4. Which is used to review how well an organization has embedded M_o_R?

A) Risk improvement plan
B) Risk management health check
C) Monetary benefit measurement
D) Early warning indicators


5. What risk management specialism is focused on ensuring an organization keeps operating following an incident?

A) Business continuity management
B) Safety and security
C) Health and safety
D) Financial risk management


Solutions:

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

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