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EXIN EX0-004 exam : Management of Risk Foundation

EX0-004 Exam Questions
  • Exam Code: EX0-004
  • Exam Name: Management of Risk Foundation
  • Updated: Sep 09, 2026
  • Q & A: 140 Questions and Answers
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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Introduction to Risk Management- Basic risk concepts and terminology
- Purpose and benefits of risk management
Risk Identification- Risk sources and categories
- Risk description techniques
Risk Assessment- Likelihood and impact evaluation
- Risk prioritization methods
Risk Response and Control- Control selection and implementation
- Risk response options (avoid, reduce, transfer, accept)
MoR Principles and Approach- Governance and embedding risk management
- MoR framework overview
Risk Communication and Reporting- Risk reporting structures
- Stakeholder communication

EXIN Management of Risk Foundation Sample Questions:

Question #1

Which information does the 'PESTLE analysis' technique help to discover?

  • A. Risks identified on previous similar activities
  • B. Identification of who should communicate with key stakeholders involved in an activity
  • C. Future developments that are at the margins of current thinking and planning
  • D. External factors that may have an impact on an activity
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

Which is a method for obtaining senior management commitment and support for understanding and managing risk?

  • A. Ensuring the risk management function has a direct reporting line to a senior executive
  • B. Developing management of risk guidance handbooks and training materials
  • C. Escalating risks from the programme, project or operational perspectives to higher levels as required
  • D. Making formal assessments of management of risk implementation in areas of concern
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

Which sub-steps are included in the 'assess' step?

  • A. Estimate and evaluate
  • B. Plan and evaluate
  • C. Context and estimate
  • D. Context and risks
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

Which is a purpose of 'embedding and reviewing' M_o_R?

  • A. Assuring the appointment of risk owners
  • B. Maximizing the return on investment in risk management
  • C. Reporting on the risk response plan'
  • D. Ensuring the availability of appropriate techniques used in the risk management process steps
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #5

Which is a responsibility of the M_o_R senior manager role?

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

Correct Answer: A  🗳️

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