EXIN Management of Risk Foundation : EX0-004 Exam

  • Exam Code: EX0-004
  • Exam Name: Management of Risk Foundation
  • Updated: Sep 28, 2026
  • Q & A: 140 Questions and Answers

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EXIN EX0-004 Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Response and Control- Risk response options (avoid, reduce, transfer, accept)
- Control selection and implementation
Topic 2: Introduction to Risk Management- Basic risk concepts and terminology
- Purpose and benefits of risk management
Topic 3: Risk Identification- Risk sources and categories
- Risk description techniques
Topic 4: Risk Assessment- Likelihood and impact evaluation
- Risk prioritization methods
Topic 5: Risk Communication and Reporting- Risk reporting structures
- Stakeholder communication
Topic 6: MoR Principles and Approach- MoR framework overview
- Governance and embedding risk management

EXIN Management of Risk Foundation Sample Questions:

Question #1

Which is recorded in the risk response plan during the 'plan' step?

  • A. Unmanaged risks
  • B. Actions to improve risk management
  • C. Actions developed to mitigate threats
  • D. Number of risks in different categories
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #2

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

  • A. Availability of skills required to deliver services to customers
  • B. Minimizing disruptions to customer services during transformational change
  • C. Damage to the organization's infrastructure
  • D. Variation to the schedule of a defined business product
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

Which technique can be used to clarify potential sources of risks across an activity?

  • A. Summary risk profiles
  • B. Risk breakdown structure
  • C. Probabilistic risk models
  • D. Decision trees
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

What is risk exposure?

  • A. System by which organizations are directed and controlled
  • B. Maximum amount of risk that an organization can bear
  • C. Combined effect of risks to a set of objectives
  • D. Amount of risk the organization, or subset of it, is willing to accept
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #5

Which is a benefit of effective risk management?

  • A. Guarantees business benefits will be delivered
  • B. Eliminates risk-taking within an organization
  • C. Organizations are better prepared to recover from unplanned incidents
  • D. Successful completion of all change activities
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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