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EXIN Management of Risk Foundation : EX0-004
- Exam Code: EX0-004
- Exam Name: Management of Risk Foundation
- Updated: Oct 10, 2026
- Q & A: 140 Questions and Answers
About EXIN Management of Risk Foundation : EX0-004 Exam
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EXIN EX0-004 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| M_o_R Framework | - Embedding risk management in organizational processes - Roles and responsibilities in risk governance - Overview of M_o_R principles and approach |
| Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses - Contingency planning |
| Risk Monitoring and Control | - Continuous improvement in risk management - Reporting and escalation processes - Risk monitoring techniques |
| Risk Management Principles | - Definition of risk and risk management concepts - Risk appetite and risk tolerance - Objectives and benefits of risk management |
| Risk Identification and Assessment | - Risk identification techniques - Risk categorization and prioritization - Qualitative and quantitative risk assessment |
EXIN Management of Risk Foundation Sample Questions:
Question #1
Which describes the 'reduce a threat' risk response option?
- A. Remove the cause of the threat
- B. Partake in a pain/gain contract with another party for the specified risk
- C. Obtain an insurance policy to cover the impact should the risk occur
- D. Perform an action to minimise the impact and/or probability of the risk
Correct Answer: D 🗳️
Question #2
Which information is NOT found in the risk management process guide?
- A. Why standard forms should be used
- B. Where to find a blank risk register
- C. Which templates are to be used on a project
- D. How to use an issue register
Correct Answer: C 🗳️
Question #3
Who does a 'risk actionee' keep up to date on progress when implementing a response to a risk?
- A. Risk owner
- B. Team
- C. Senior team
- D. Audit committee
Correct Answer: A 🗳️
Question #4
What are the M_o_R principles informed by?
- A. Basel Accord (Basel II)
- B. Public Company Accounting and Reform and Investor Protection Act
- C. International standard for risk management ISO31000:2009
- D. Statements of internal control
Correct Answer: C 🗳️
Question #5
Which is NOT a purpose of 'embedding and reviewing M_o_R'?
- A. Improving the risk culture of an organization
- B. Assessing the implementation of risk management
- C. Reviewing risk descriptions as a result of changes to the context
- D. Identifies the opportunities for updating existing risk management practices.
Correct Answer: C 🗳️
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