EXIN EX0-004 : Management of Risk Foundation

  • Exam Code: EX0-004
  • Exam Name: Management of Risk Foundation
  • Updated: Sep 10, 2026

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EXIN EX0-004 Exam Syllabus Topics:

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

EXIN Management of Risk Foundation Sample Questions:

Question #1

What may be recorded in the risk register during the 'identify - risks' step?

  • A. The risk actionee for an identified risk response
  • B. A risk description expressed as a cause, event and effect
  • C. The probability and impact of an identified risk
  • D. An action required to mitigate an identified risk
Answer: B
Question #2

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
Answer: D
Question #3

Which is NOT a purpose of 'embedding and reviewing M_o_R'?

  • A. Identifies the opportunities for updating existing risk management practices.
  • B. Reviewing risk descriptions as a result of changes to the context
  • C. Improving the risk culture of an organization
  • D. Assessing the implementation of risk management
Answer: B
Question #4

Which describes the threat response option 'accept the risk'?

  • A. Carry out an action to make the uncertain situation certain
  • B. Partake in a pain/gain contract with another party for the specified risk
  • C. Perform an action to minimize the impact of the risk should it occur
  • D. Take no action except monitor the risk to ensure it remains tolerable
Answer: D
Question #5

Which statement describes the'avoid a threat' risk response option?

  • A. Obtain an insurance policy to cover the impact should the risk occur
  • B. Remove the cause of the threat
  • C. Partake in a pain/gain contract with another party for the specified risk
  • D. Perform an action to minimise the impact of the risk should it occur
Answer: B

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