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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which BEST describes an area of uncertainty at the operational perspective?

A) Damage to the organization's infrastructure
B) Availability of skills required to deliver services to customers
C) Variation to the schedule of a defined business product
D) Minimizing disruptions to customer services during transformational change

2. Which specialism has been developed to offer business as usual in the quickest possible time in the event of an emergency?

A) Incident and crisis management
B) Reputational risk management
C) Business continuity management
D) Health and safety management

3. What is the goal of the 'assess - estimate' step?

A) Identify the threats and opportunities facing the organizational activity
B) Estimate and agree the budget required to manage risks to the activity
C) Determine the risks with the greatest effect on an activities objectives
D) Assess the effectiveness of the risk management processes within an organization

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

A) An issue impacts on quality, a risk impacts on benefits
B) An issue has a short time-scale proximity and risk has medium- or long-term proximity
C) A risk can impact on all activities, an issue impacts on project deliverables only
D) An Issue is a risk that has occurred, a risk is yet to occur

5. Which action does NOT contribute to achieving the goal of the 'identify - risks' step?

A) Obtain information about the external and internal factors that may affect the planned activity
B) Understand a stakeholder's view of an activity's risk profile
C) Describe risks faced by the organization that may prevent an activity from succeeding
D) Define an activity's key performance indicators

Solutions: