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EXIN EX0-004 Exam Syllabus Topics:

SectionWeightObjectives
M_o_R Process40%- Communicate and consult
- Assess risks (estimate and evaluate)
- Identify risks
- Plan responses
- Implement responses
Embedding and Reviewing M_o_R15%- Reviewing and improving
- Embedding risk management
- Risk culture and maturity
M_o_R Principles20%- Facilitate continual improvement
- Provide clear guidance
- Fit the context
- Be open and responsive
- Align with objectives
- Involve stakeholders
M_o_R Approach25%- Risk improvement plan
- Risk management process guide
- Risk management policy
- Risk register
- Roles and responsibilities

EXIN Management of Risk Foundation Sample Questions:

1. Which is an M_o_R principle?

A) Supports organizational performance
B) Achieves measurable value
C) Changes the culture of risk management
D) Embedding and reviewing


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

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


3. What provides an analysis of trends of risks in different risk categories?

A) Risk improvement plan
B) Risk progress report
C) Risk management strategy
D) Risk communications plan


4. Which is a common barrier to implementing the risk management process?

A) Lack of a high-risk appetite at senior management level
B) Lack of an assigned risk owner
C) Lack of risk facilitation resources and time
D) Lack of an appropriate response to a risk in an activity's risk register


5. What is risk exposure?

A) Amount of risk the organization, or subset of it, is willing to accept
B) Combined effect of risks to a set of objectives
C) System by which organizations are directed and controlled
D) Maximum amount of risk that an organization can bear


Solutions:

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

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