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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Monitoring and Control | - Risk monitoring techniques - Continuous improvement in risk management - Reporting and escalation processes |
| Topic 2: M_o_R Framework | - Embedding risk management in organizational processes - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance |
| Topic 3: Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk categorization and prioritization - Risk identification techniques |
| Topic 4: Risk Response Planning | - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) - Contingency planning |
| Topic 5: Risk Management Principles | - Definition of risk and risk management concepts - Risk appetite and risk tolerance - Objectives and benefits of risk management |
EXIN Management of Risk Foundation Sample Questions:
1. Which is identified by the use of the 'PESTLE' analysis technique?
A) Stakeholders involved in an activity
B) Net effect of risks identified during an activity
C) Factors that may impact the activity
D) Roles and responsibilities of those involved in an activity
2. Which is a method for obtaining senior management commitment and support for understanding and managing risk?
A) Escalating risks from the programme, project or operational perspectives to higher levels as required
B) Developing management of risk guidance handbooks and training materials
C) Making formal assessments of management of risk implementation in areas of concern
D) Ensuring the risk management function has a direct reporting line to a senior executive
3. Which BEST describes an area of uncertainty at the operational perspective?
A) Conflicts during the implementation of business strategy
B) Changes to the delivery schedule of business products
C) Capabilities of the infrastructure to deliver services
D) Opinions of stakeholders that may affect the organizational reputation
4. Which role provides sponsorship to ensure that risk management is embraced within the organization?
A) Risk specialist
B) Manager
C) Assurance
D) Senior manager
5. Which is a primary step within the 'M_o_R process'?
A) Assess
B) Manage
C) Control
D) Embed
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: A |
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