EXIN EX0-004 Questions & Answers - in .pdf
- Vendor: EXIN
- Exam Code: EX0-004
- Exam Name: Management of Risk Foundation
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EXIN EX0-004 Exam Overview:
| Certification Vendor: | EXIN |
| Exam Name: | Management of Risk Foundation (M_o_R Foundation) |
| Exam Number: | EX0-004 |
| Exam Format: | Multiple choice |
| Real Exam Qty: | 75 |
| Available Languages: | English |
| Certificate Validity Period: | Lifetime (no expiry after passing) |
| Exam Duration: | 60 minutes |
| Related Certifications: | Management of Risk (M_o_R) Foundation PRINCE2 Foundation (related governance framework) AXELOS Best Practice portfolio certifications |
| Passing Score: | 50% |
| Exam Price: | USD 250-350 (varies by region and exam provider) |
| Sample Questions: | EXIN EX0-004 Sample Questions |
| Exam Way: | Online proctored exam or authorized test center via EXIN accredited providers |
| Pre Condition: | No formal prerequisites required; basic understanding of project or business management is recommended. |
| Official Syllabus URL: | https://www.exin.com/certifications/exin-mor-foundation/ |
EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Risk Response Planning | - Designing and implementing risk responses - Contingency planning - Risk response options (avoid, reduce, transfer, accept) |
| Risk Identification and Assessment | - Qualitative and quantitative risk assessment - Risk identification techniques - Risk categorization and prioritization |
| M_o_R Framework | - Roles and responsibilities in risk governance - Overview of M_o_R principles and approach - Embedding risk management in organizational processes |
| Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| Risk Management Principles | - Definition of risk and risk management concepts - Objectives and benefits of risk management - Risk appetite and risk tolerance |
EXIN Management of Risk Foundation Sample Questions:
1. Which can be used to measure the impact a risk management awareness programme has on an organization?
A) Brainstorming
B) Gateway reviews
C) Benchmarking
D) Risk questionnaires
2. Which document defines how much risk should be taken for a particular activity?
A) Risk management strategy
B) Risk progress report
C) Risk management policy
D) Risk management process guide
3. What principle promotes dialogue with affected parties in a timely manner to help achieve organizational objectives?
A) Engages stakeholders
B) Aligns with objectives
C) Achieves measurable value
D) Fits the context
4. Which describes the cause of a risk?
A) Likelihood of the risk occurring
B) Risk remaining after implementing a risk response
C) Potential trigger point for a risk
D) Impact of the risk on an activity
5. Which describes the 'reduce a threat' risk response option?
A) Remove the cause of the threat
B) Partake in a pain/gain contract with another party for the specified risk
C) Obtain an insurance policy to cover the impact should the risk occur
D) Perform an action to minimise the impact and/or probability of the risk
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
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