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EXIN EX0-004 Exam Syllabus Topics:

SectionWeightObjectives
M_o_R Approach25%- Risk improvement plan
- Risk management process guide
- Roles and responsibilities
- Risk management policy
- Risk register
Embedding and Reviewing M_o_R15%- Risk culture and maturity
- Embedding risk management
- Reviewing and improving
M_o_R Principles20%- Involve stakeholders
- Provide clear guidance
- Facilitate continual improvement
- Align with objectives
- Fit the context
- Be open and responsive
M_o_R Process40%- Implement responses
- Identify risks
- Assess risks (estimate and evaluate)
- Plan responses
- Communicate and consult

EXIN Management of Risk Foundation Sample Questions:

1. What is the purpose of using an M_o_R'health check'?

A) Examine an organization's current risk management practices to identify areas for improvement
B) Provide alternative assurance and approval processes at key decision points within a programme
C) Understand the nature of risks facing an organization and the actions needed to respond
D) Show which organizational activities that risk management should be applied to


2. What objectives are associated with decisions about risks to the delivery of business change capabilities?

A) Operational
B) Programme
C) Enterprise
D) Strategic


3. Which sub-steps are included in the 'assess' step?

A) Plan and evaluate
B) Context and risks
C) Context and estimate
D) Estimate and evaluate


4. What provides a comparison of completed risk response actions with planned outcomes?

A) Risk improvement plan
B) Risk management strategy
C) Risk progress report
D) Risk response plan


5. What is the goal of the 'assess - estimate' step?

A) Assess the effectiveness of the risk management processes within an organization
B) Identify the threats and opportunities facing the organizational activity
C) Estimate and agree the budget required to manage risks to the activity
D) Determine the risks with the greatest effect on an activities objectives


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: D

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