EXIN EX0-004 : Management of Risk Foundation

  • Exam Code: EX0-004
  • Exam Name: Management of Risk Foundation
  • Updated: Aug 20, 2026
  • Q & A: 140 Questions and Answers

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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Identification and Assessment- Risk categorization and prioritization
- Qualitative and quantitative risk assessment
- Risk identification techniques
Topic 2: Risk Monitoring and Control- Continuous improvement in risk management
- Reporting and escalation processes
- Risk monitoring techniques
Topic 3: M_o_R Framework- Roles and responsibilities in risk governance
- Embedding risk management in organizational processes
- Overview of M_o_R principles and approach
Topic 4: Risk Management Principles- Risk appetite and risk tolerance
- Objectives and benefits of risk management
- Definition of risk and risk management concepts
Topic 5: Risk Response Planning- Risk response options (avoid, reduce, transfer, accept)
- Contingency planning
- Designing and implementing risk responses

EXIN Management of Risk Foundation Sample Questions:

1. What is the purpose of using an M_o_R'health check'?

A) Show which organizational activities that risk management should be applied to
B) Provide alternative assurance and approval processes at key decision points within a programme
C) Examine an organization's current risk management practices to identify areas for improvement
D) Understand the nature of risks facing an organization and the actions needed to respond


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

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


3. Which heading in a 'risk register is used to record the area of uncertainty?

A) Probability
B) Effect
C) Event
D) Cause


4. What provides an analysis of trends of risks in different risk categories?

A) Risk improvement plan
B) Risk progress report
C) Risk management strategy
D) Risk communications plan


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

A) Assess - estimate
B) Identify - risks
C) Assess - evaluate
D) Identify-context


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: A

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