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EXIN Management of Risk Foundation : EX0-004
- Exam Code: EX0-004
- Exam Name: Management of Risk Foundation
- Q & A: 140 Questions and Answers
About EXIN Management of Risk Foundation : EX0-004 Exam
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| M_o_R Process | 40% | - Communicate and consult - Plan responses - Implement responses - Identify risks - Assess risks (estimate and evaluate) |
| M_o_R Approach | 25% | - Risk management policy - Roles and responsibilities - Risk improvement plan - Risk register - Risk management process guide |
| Embedding and Reviewing M_o_R | 15% | - Risk culture and maturity - Embedding risk management - Reviewing and improving |
| M_o_R Principles | 20% | - Facilitate continual improvement - Be open and responsive - Provide clear guidance - Fit the context - Align with objectives - Involve stakeholders |
EXIN Management of Risk Foundation Sample Questions:
Question #1
What is the difference between a risk and an issue?
- A. An issue has a short time-scale proximity and risk has medium- or long-term proximity
- B. An Issue is a risk that has occurred, a risk is yet to occur
- C. An issue impacts on quality, a risk impacts on benefits
- D. A risk can impact on all activities, an issue impacts on project deliverables only
Answer: B
Question #2
What are the M_o_R principles informed by?
- A. Public Company Accounting and Reform and Investor Protection Act
- B. Statements of internal control
- C. International standard for risk management ISO31000:2009
- D. Basel Accord (Basel II)
Answer: C
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 role provides sponsorship to ensure that risk management is embraced within the organization?
- A. Risk specialist
- B. Manager
- C. Senior manager
- D. Assurance
Answer: C
Question #5
Which is identified by the use of the 'PESTLE' analysis technique?
- A. Roles and responsibilities of those involved in an activity
- B. Factors that may impact the activity
- C. Net effect of risks identified during an activity
- D. Stakeholders involved in an activity
Answer: B
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