Exam Code: EX0-004
Exam Name: Management of Risk Foundation
Certification Provider: EXIN
Corresponding Certification: Exin Certification
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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Topic 1: M_o_R Framework- Embedding risk management in organizational processes
- Roles and responsibilities in risk governance
- Overview of M_o_R principles and approach
Topic 2: Risk Identification and Assessment- Risk identification techniques
- Risk categorization and prioritization
- Qualitative and quantitative risk assessment
Topic 3: Risk Response Planning- Risk response options (avoid, reduce, transfer, accept)
- Contingency planning
- Designing and implementing risk responses
Topic 4: Risk Monitoring and Control- Risk monitoring techniques
- Reporting and escalation processes
- Continuous improvement in risk management
Topic 5: Risk Management Principles- Risk appetite and risk tolerance
- Definition of risk and risk management concepts
- Objectives and benefits of risk management

EXIN Management of Risk Foundation Sample Questions:

What are the M_o_R principles informed by?

  • A. Corporate governance principles
  • B. M_o_R approach
  • C. Basel II
  • D. Statement of internal control
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Which describes the 'reduce a threat' risk response option?

  • A. Partake in a pain/gain contract with another party for the specified risk
  • B. Remove the cause of the threat
  • C. Perform an action to minimise the impact and/or probability of the risk
  • D. Obtain an insurance policy to cover the impact should the risk occur
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Which of the M_o_R framework core concepts is informed by corporate governance principles and the international standard for risk management ISO31000:2009?

  • A. M_o_R principles
  • B. Embedding and reviewing M_o_R
  • C. M_o_R approach
  • D. M_o_R process
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Which is a responsibility of the M_o_R senior manager role?

  • A. Develop risk improvement plans
  • B. Define the amount of risk that should be taken for the organization
  • C. Review progress to develop the risk management policy
  • D. Specify risk tolerance levels
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Which is a primary step within the 'M_o_R process'?

  • A. Manage
  • B. Embed
  • C. Assess
  • D. Control
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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