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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: M_o_R Framework | - Roles and responsibilities in risk governance - Overview of M_o_R principles and approach - Embedding risk management in organizational processes |
| Topic 2: Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk identification techniques - Risk categorization and prioritization |
| Topic 3: Risk Response Planning | - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) - Contingency planning |
| Topic 4: Risk Management Principles | - Risk appetite and risk tolerance - Objectives and benefits of risk management - Definition of risk and risk management concepts |
| 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:
1. What is the lack of senior management support a common barrier to?
A) Developing a risk communications plan
B) Involving stakeholders in risk identification
C) Implementing the steps in the risk management process
D) Identifying key performance indicators
2. What provides an analysis of trends of risks in different risk categories?
A) Risk improvement plan
B) Risk management strategy
C) Risk progress report
D) Risk communications plan
3. What objectives are associated with decisions about risks to the delivery of business change capabilities?
A) Strategic
B) Programme
C) Operational
D) Enterprise
4. Which is NOT a recommended risk response option for an 'opportunity'?
A) Transfer
B) Reduce
C) Enhance
D) Share
5. What is a 'central risk function'?
A) A group that may pose a risk to objectives through its opposition to plans
B) A group responsible for approving the funding for risk management
C) A group that acts on risks escalated from other perspectives
D) A group with formal responsibility for supporting strategic risk management
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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