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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which M_o_R principle advocates that an organization's risk appetite should be within the organization's risk capacity?

A) Fits the context
B) Aligns with objectives
C) Informs decision-making
D) Provides clear guidance

2. What is the difference between a risk and an issue?

A) A risk can impact on all activities, an issue impacts on project deliverables only
B) A risk has a negative impact on objectives, an issue has a positive impact on objectives
C) A risk is impacting objectives now, an issue may have an impact on objectives
D) A risk may have an impact on objectives, an issue is impacting objectives now

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

A) Obtain an insurance policy to cover the impact should the risk occur
B) Perform an action to minimise the impact of the risk should it 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

4. What step is used to determine the likelihood of a risk occurring?

A) Identify-context
B) Assess - estimate
C) Identify - risks
D) Assess - evaluate

5. What principle is supported by early warning indicators?

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

Solutions: