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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Identification | - Risk description techniques - Risk sources and categories |
| Introduction to Risk Management | - Basic risk concepts and terminology - Purpose and benefits of risk management |
| Risk Communication and Reporting | - Risk reporting structures - Stakeholder communication |
| MoR Principles and Approach | - MoR framework overview - Governance and embedding risk management |
| Risk Response and Control | - Control selection and implementation - Risk response options (avoid, reduce, transfer, accept) |
| Risk Assessment | - Likelihood and impact evaluation - Risk prioritization methods |
EXIN Management of Risk Foundation Sample Questions:
Which effect on the organization's objectives could the PESTLE analysis technique help to identify
- A. Current external factors
- B. Internal strengths
- C. Long-term developments
- D. Risk exposure trends
Correct Answer: A 🗳️
Which is a responsibility of a 'risk actionee'?
- A. Identify risks that might occur to activities in their department
- B. Manage all aspects of an assigned risk
- C. Perform a risk response action to respond to a particular risk
- D. Develop strategies to improve the management of risk
Correct Answer: C 🗳️
Which statement describes the'avoid a threat' risk response option?
- A. Obtain an insurance policy to cover the impact should the risk occur
- B. Partake in a pain/gain contract with another party for the specified risk
- C. Remove the cause of the threat
- D. Perform an action to minimise the impact of the risk should it occur
Correct Answer: C 🗳️
Which is used to determine 'inherent' risk exposure?
- A. Effect on objectives if a risk occurs before starting to tackle risks
- B. Likelihood of a risk occurring after completed risk response actions
- C. Impact of a secondary risk if it occurs
- D. Proximity of a risk after implementation of risk response actions
Correct Answer: A 🗳️
What may be recorded in the risk register during the 'identify - risks' step?
- A. An action required to mitigate an identified risk
- B. A risk description expressed as a cause, event and effect
- C. The risk actionee for an identified risk response
- D. The probability and impact of an identified risk
Correct Answer: B 🗳️
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