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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Management Principles- Risk appetite and risk tolerance
- Definition of risk and risk management concepts
- Objectives and benefits of risk management
Topic 2: M_o_R Framework- Embedding risk management in organizational processes
- Roles and responsibilities in risk governance
- Overview of M_o_R principles and approach
Topic 3: Risk Identification and Assessment- Risk identification techniques
- Qualitative and quantitative risk assessment
- Risk categorization and prioritization
Topic 4: Risk Response Planning- Risk response options (avoid, reduce, transfer, accept)
- Contingency planning
- Designing and implementing risk responses
Topic 5: 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 can be used to measure the impact a risk management awareness programme has on an organization?

A. Gateway reviews
B. Risk questionnaires
C. Brainstorming
D. Benchmarking


Question 2

Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities?

A. Project
B. Strategic
C. Operational
D. Programme


Question 3

Which is a goal of the 'assess - evaluate' step?

A. Understand the organization's approach to managing risk
B. Gather information about threats to the organization that may reduce the likelihood of the activity succeeding
C. Calculate the total risk exposure to the activity
D. Obtain information about the external factors that may affect the planned activity


Question 4

What step is used to determine those risks which have the greatest effect on the objectives of a planned activity?

A. Assess
B. Identify
C. Plan
D. Implement


Question 5

Which is a responsibility of the M_o_R senior manager role?

A. Review progress to develop the risk management policy
B. Develop risk improvement plans
C. Specify risk tolerance levels
D. Define the amount of risk that should be taken for the organization


Solutions:

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

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