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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Management Principles | - Risk appetite and risk tolerance - Objectives and benefits of risk management - Definition of risk and risk management concepts |
| Risk Response Planning | - Designing and implementing risk responses - Contingency planning - Risk response options (avoid, reduce, transfer, accept) |
| M_o_R Framework | - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance - Embedding risk management in organizational processes |
| Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk identification techniques - Risk categorization and prioritization |
| Risk Monitoring and Control | - Continuous improvement in risk management - Risk monitoring techniques - Reporting and escalation processes |
EXIN Management of Risk Foundation Sample Questions:
Question 1
Which BEST describes an area of uncertainty at the operational perspective?
A. Minimizing disruptions to customer services during transformational change
B. Damage to the organization's infrastructure
C. Variation to the schedule of a defined business product
D. Availability of skills required to deliver services to customers
Question 2
What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?
A. Facilitates continual improvement
B. Informs decision making
C. Achieves measurable value
D. Provides clear guidance
Question 3
What is risk exposure?
A. Maximum amount of risk that an organization can bear
B. System by which organizations are directed and controlled
C. Amount of risk the organization, or subset of it, is willing to accept
D. Combined effect of risks to a set of objectives
Question 4
Which is a goal of the 'plan' process step?
A. Understand an activity's pre-response risk exposure
B. Choose appropriate actions to deal with risks
C. Set the risk tolerance of an activity
D. Agree the timing of the risk communications plan
Question 5
Which is NOT a recommended risk response option for an 'opportunity'?
A. Enhance
B. Transfer
C. Share
D. Reduce
Solutions:
| Question 1 Answer: D | Question 2 Answer: A | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: D |
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