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Management of Risk Foundation: EX0-004 Exam
"Management of Risk Foundation", also known as EX0-004 exam, is a EXIN Certification. With the complete collection of questions and answers, BraindumpsPass has assembled to take you through 140 Q&As to your EX0-004 Exam preparation. In the EX0-004 exam resources, you will cover every field and category in Exin Certification Certification helping to ready you for your successful EXIN Certification.
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| M_o_R Process | 40% | - Communicate and consult - Assess risks (estimate and evaluate) - Plan responses - Identify risks - Implement responses |
| M_o_R Approach | 25% | - Risk improvement plan - Risk management process guide - Risk management policy - Roles and responsibilities - Risk register |
| M_o_R Principles | 20% | - Facilitate continual improvement - Align with objectives - Fit the context - Provide clear guidance - Be open and responsive - Involve stakeholders |
| Embedding and Reviewing M_o_R | 15% | - Reviewing and improving - Embedding risk management - Risk culture and maturity |
EXIN Management of Risk Foundation Sample Questions:
Which is a benefit of effective risk management?
- A. Successful completion of all change activities
- B. Organizations are better prepared to recover from unplanned incidents
- C. Eliminates risk-taking within an organization
- D. Guarantees business benefits will be delivered
Correct Answer: B 🗳️
What document describes how risk management activities relate to the achievement of strategic objectives?
- A. Risk management policy
- B. Risk progress report
- C. Risk management process guide
- D. Risk register
Correct Answer: A 🗳️
Which is a central 'M_o_R approach' document?
- A. Risk management policy
- B. Risk improvement plan
- C. Risk communications plan
- D. Risk register
Correct Answer: A 🗳️
What is the difference between a risk and an issue?
- A. A risk has a negative impact on objectives, an issue has a positive impact on objectives
- B. A risk may have an impact on objectives, an issue is impacting objectives now
- C. A risk can impact on all activities, an issue impacts on project deliverables only
- D. A risk is impacting objectives now, an issue may have an impact on objectives
Correct Answer: B 🗳️
What are the M_o_R principles informed by?
- A. International standard for risk management ISO31000:2009
- B. Statements of internal control
- C. Basel Accord (Basel II)
- D. Public Company Accounting and Reform and Investor Protection Act
Correct Answer: A 🗳️
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