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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which is an M_o_R principle?

A) Embedding and reviewing
B) Achieves measurable value
C) Supports organizational performance
D) Changes the culture of risk management

2. Which statement describes the'avoid a threat' risk response option?

A) Remove the cause of the threat
B) Obtain an insurance policy to cover the impact should the risk occur
C) Partake in a pain/gain contract with another party for the specified risk
D) Perform an action to minimise the impact of the risk should it occur

3. Which is a purpose for carrying out an'M_o_R health check'?

A) Examine future developments that may affect an organization's level of exposure to risk
B) Review how well risk management practices have been embedded
C) Provide a snapshot of the current status of identified risks
D) Identify the number of risks emerging in different risk categories

4. What principle promotes dialogue with affected parties in a timely manner to help achieve organizational objectives?

A) Achieves measurable value
B) Aligns with objectives
C) Fits the context
D) Engages stakeholders

5. 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

Solutions: