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EXIN EX0-004 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: M_o_R Approach | 25% | - Roles and responsibilities - Risk management process guide - Risk management policy - Risk improvement plan - Risk register |
| Topic 2: M_o_R Principles | 20% | - Fit the context - Align with objectives - Provide clear guidance - Involve stakeholders - Facilitate continual improvement - Be open and responsive |
| Topic 3: Embedding and Reviewing M_o_R | 15% | - Reviewing and improving - Embedding risk management - Risk culture and maturity |
| Topic 4: M_o_R Process | 40% | - Communicate and consult - Plan responses - Assess risks (estimate and evaluate) - Implement responses - Identify risks |
EXIN Management of Risk Foundation Sample Questions:
Which is NOT a use of the 'SWOT analysis' technique?
- A. Identify external factors that may have an effect on the organization's objectives
- B. Identify long-term developments that could affect the organization's objectives
- C. Create an understanding of a current market position
- D. Provide an internal and external environmental analysis when used with other techniques
Correct Answer: B 🗳️
What risk management specialism is focused on ensuring an organization keeps operating following an incident?
- A. Financial risk management
- B. Safety and security
- C. Business continuity management
- D. Health and safety
Correct Answer: C 🗳️
Which statement describes the'avoid a threat' risk response option?
- A. Partake in a pain/gain contract with another party for the specified risk
- B. Obtain an insurance policy to cover the impact should the risk occur
- C. Perform an action to minimise the impact of the risk should it occur
- D. Remove the cause of the threat
Correct Answer: D 🗳️
Which describes the risk response option'share the risk'?
- A. Partake in a pain/gain contract with another party for the specified risk
- B. Obtain an insurance policy to cover the impact should the risk occur
- C. Perform an action to minimise the impact of the risk should it occur
- D. Carry out an action to make the uncertain situation certain
Correct Answer: A 🗳️
What ensures that an organization's implementation of the M_o_R approach' and 'M_o_R process' undergoes frequent improvement to remain effective?
- A. Corporate governance
- B. Contingency planning
- C. Embedding and reviewing
- D. Internal controls
Correct Answer: C 🗳️
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