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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which information is NOT found in the risk management process guide?

A) How to use an issue register
B) Which templates are to be used on a project
C) Where to find a blank risk register
D) Why standard forms should be used

2. What is the initial probability recorded in the risk register based on?

A) Proximity of the risk
B) Stage of the activity
C) Post-response assessment
D) Pre-response assessment

3. 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) Understand the nature of risks facing an organization and the actions needed to respond
C) Show which organizational activities that risk management should be applied to
D) Provide alternative assurance and approval processes at key decision points within a programme

4. Which describes the risk response option'share the risk'?

A) Obtain an insurance policy to cover the impact should the risk occur
B) Carry out an action to make the uncertain situation certain
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

5. Which is a purpose of using a risk maturity model?

A) Identify where the application of risk management within an organization can be improved
B) Understand the nature of risks facing an organization and the actions needed to respond
C) Show to which organizational activities risk management should be applied
D) Provide independent risk information at key decision points within a programme or project

Solutions: