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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| M_o_R Principles | 20% | - Be open and responsive - Provide clear guidance - Facilitate continual improvement - Align with objectives - Fit the context - Involve stakeholders |
| M_o_R Approach | 25% | - Risk management process guide - Risk register - Risk improvement plan - Risk management policy - Roles and responsibilities |
| Embedding and Reviewing M_o_R | 15% | - Reviewing and improving - Embedding risk management - Risk culture and maturity |
| M_o_R Process | 40% | - Identify risks - Implement responses - Plan responses - Communicate and consult - Assess risks (estimate and evaluate) |
EXIN Management of Risk Foundation Sample Questions:
1. What document separately describes the steps required to implement risk management within an organization?
A) Risk management policy
B) Risk management process guide
C) Risk management strategy
D) Business continuity plan
2. Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?
A) Determine which risks are independent of other risks
B) Evaluate the effectiveness of risk management across the organization
C) Calculate the total risk exposure for the activity
D) Determine which other risks will occur if a risk occurs
3. What M_o_R principle states that managing risks is most effective when staff members are rewarded for proactive risk management behaviour?
A) Creates a supportive culture
B) Informs decision-making
C) Achieves measurable value
D) Facilitates continual improvement
4. 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
5. Which of the M_o_R framework core concepts is informed by corporate governance principles and the international standard for risk management ISO31000:2009?
A) M_o_R approach
B) Embedding and reviewing M_o_R
C) M_o_R process
D) M_o_R principles
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
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