Exam Name: Management of Risk Foundation
Certification Provider: EXIN
Corresponding Certification: Exin Certification
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| M_o_R Approach | 25% | - Risk register - Risk management policy - Risk improvement plan - Risk management process guide - Roles and responsibilities |
| M_o_R Process | 40% | - Communicate and consult - Identify risks - Plan responses - Assess risks (estimate and evaluate) - Implement responses |
| M_o_R Principles | 20% | - Fit the context - Be open and responsive - Provide clear guidance - Facilitate continual improvement - Align with objectives - Involve stakeholders |
| Embedding and Reviewing M_o_R | 15% | - Risk culture and maturity - Embedding risk management - Reviewing and improving |
EXIN Management of Risk Foundation Sample Questions:
Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities?
- A. Operational
- B. Project
- C. Strategic
- D. Programme
Correct Answer: C 🗳️
Which perspective ensures risk management maintains a view of the adequacy of controls that support service delivery to satisfy the fits the context principle?
- A. Operational
- B. Project
- C. Strategic
- D. Programme
Correct Answer: A 🗳️
What may be recorded in the risk register during the 'identify - risks' step?
- A. A risk description expressed as a cause, event and effect
- B. The risk actionee for an identified risk response
- C. The probability and impact of an identified risk
- D. An action required to mitigate an identified risk
Correct Answer: A 🗳️
Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.
- A. plan
- B. record
- C. perform
- D. manage
Correct Answer: A 🗳️
Which describes the cause of a risk?
- A. Likelihood of the risk occurring
- B. Potential trigger point for a risk
- C. Impact of the risk on an activity
- D. Risk remaining after implementing a risk response
Correct Answer: B 🗳️
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