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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: Jul 25, 2026
  • Q & A: 140 Questions and Answers
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EX0-004 exam dumps

EXIN EX0-004 Exam Syllabus Topics:

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

EXIN Management of Risk Foundation Sample Questions:

1. Which perspective ensures risk management maintains a view of the adequacy of controls that support service delivery to satisfy the fits the context principle?

A) Programme
B) Strategic
C) Operational
D) Project


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

A) Developing management of risk guidance handbooks and training materials
B) Ensuring the risk management function has a direct reporting line to a senior executive
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


3. Which action is NOT needed in order for risk management to be effective?

A) Identify the risk
B) Control the risk
C) Assess the risk
D) Eliminate the risk


4. Identify the missingword(s) in the following sentence. The risk [ ? ] used during the 'implement' step compares the performance of response actions with their planned outcomes.

A) response plan
B) register
C) management strategy
D) progress report


5. What M_o_R principle recommends the sharing of experiences across the organization to help senior management decision making?

A) Provides clear guidance
B) Facilitates continual improvement
C) Informs decision making
D) Achieves measurable value


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: D
Question # 4
Answer: D
Question # 5
Answer: B

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