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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. What document separately describes the steps required to implement risk management within an organization?

A) Risk management strategy
B) Business continuity plan
C) Risk management policy
D) Risk management process guide

2. Which is a benefit of effective risk management?

A) Activity plans are agreed before the activity commences
B) Guarantees business benefits will be delivered
C) Removes the organization's need to take risks
D) Staff members are better prepared to respond to incidents

3. Which BEST describes an area of uncertainty at the programme perspective?

A) Introduction of new laws that affect core business activities
B) Changes to the scope of defined business products
C) Availability of resources for the day-to-day delivery of services to customers
D) Disruptions to operations during business change implementation

4. Which describes the threat response option 'accept the risk'?

A) Perform an action to minimize the impact of the risk should it occur
B) Carry out an action to make the uncertain situation certain
C) Take no action except monitor the risk to ensure it remains tolerable
D) Partake in a pain/gain contract with another party for the specified risk

5. Which is a use of the risk management policy in the 'identify - context' step for an activity?

A) Recording departures from the risk management process guide
B) Identifying the activity-specific categories to be used for grouping risks
C) Providing guidance on setting risk tolerance thresholds
D) Defining the records to be used

Solutions: