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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which defines the inherent probability of a risk?

A) Calculation of the timeframe and urgency of a risk prior to a risk response
B) Chance of a risk occurring before implementing a risk response
C) Likelihood of an issue occurring before implementing a risk response
D) Effect of the risk on the activity after implementing a risk response

2. Which is a goal of the 'assess - evaluate' step?

A) Assess and evaluate the effectiveness of procedures for managing risks
B) Evaluate the net cost of planned risk responses
C) Evaluate the impact, probability and how soon risks might occur
D) Calculate the net effect of risks facing the activity

3. Which is NOT an action needed to achieve the goal of the 'assess - evaluate' step?

A) Determine which risks are independent of other risks
B) Evaluate the effectiveness of risk management across the organization
C) Determine which other risks will occur if a risk occurs
D) Calculate the total risk exposure for the activity

4. Which is a use of the 'SWOT analysis' technique?

A) Examining regulatory and corporate governance requirements
B) Identifying future developments that are at the margins of current thinking
C) Estimating the market share of competitors
D) Informing of the status of the risks facing an activity

5. Which is a goal of the 'plan' process step?

A) Set the risk tolerance of an activity
B) Choose appropriate actions to deal with risks
C) Agree the timing of the risk communications plan
D) Understand an activity's pre-response risk exposure

Solutions: