EXIN EX0-004 Exam Questions : Management of Risk Foundation

  • Exam Code: EX0-004
  • Exam Name: Management of Risk Foundation
  • Updated: Sep 13, 2026
  • Q&As: 140 Questions and Answers

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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Risk Identification and Assessment- Risk categorization and prioritization
- Risk identification techniques
- Qualitative and quantitative risk assessment
Risk Monitoring and Control- Continuous improvement in risk management
- Reporting and escalation processes
- Risk monitoring techniques
M_o_R Framework- Embedding risk management in organizational processes
- Overview of M_o_R principles and approach
- Roles and responsibilities in risk governance
Risk Response Planning- Risk response options (avoid, reduce, transfer, accept)
- Contingency planning
- Designing and implementing risk responses
Risk Management Principles- Definition of risk and risk management concepts
- Risk appetite and risk tolerance
- Objectives and benefits of risk management

EXIN Management of Risk Foundation Sample Questions:

Question #1

Which is identified by the use of the 'PESTLE' analysis technique?

  • A. Roles and responsibilities of those involved in an activity
  • B. Net effect of risks identified during an activity
  • C. Stakeholders involved in an activity
  • D. Factors that may impact the activity
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

Which sub-steps are included in the 'assess' step?

  • A. Estimate and evaluate
  • B. Plan and evaluate
  • C. Context and estimate
  • D. Context and risks
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

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

  • A. Assess - estimate
  • B. Identify-context
  • C. Assess - evaluate
  • D. Identify - risks
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

What step is used to determine the time period when a risk might occur?

  • A. Assess - estimate
  • B. Identify-context
  • C. Assess - evaluate
  • D. Identify - risks
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

What defines the threshold levels of risk exposure that when exceeded will trigger a response?

  • A. Risk capacity
  • B. Risk appetite
  • C. Risk perception
  • D. Risk tolerance
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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