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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

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

A) Perform an action to minimise the impact of the risk should it occur
B) Obtain an insurance policy to cover the impact should the risk occur
C) Carry out an action to make the uncertain situation certain
D) Partake in a pain/gain contract with another party for the specified risk

2. Which is a purpose of the risk management process guide?

A) Describe the steps required to improve the level of risk management within an organization
B) Explain how the risk management steps will be carried out across the organization
C) Describe the specific risk management activities that will be performed on a particular organizational activity
D) Explain how risk management practices will be implemented throughout an organization

3. What principle is supported by early warning indicators?

A) Aligns with objectives
B) Engages stakeholders
C) Informs decision-making
D) Fits the context

4. Which is a goal of the 'plan' process step?

A) Agree the timing of the risk communications plan
B) Choose appropriate actions to deal with risks
C) Set the risk tolerance of an activity
D) Understand an activity's pre-response risk exposure

5. Which is a common barrier to implementing the risk management process?

A) Lack of an assigned risk owner
B) Lack of risk facilitation resources and time
C) Lack of an appropriate response to a risk in an activity's risk register
D) Lack of a high-risk appetite at senior management level

Solutions: