EXIN Management of Risk Foundation : EX0-004

  • Exam Code: EX0-004
  • Exam Name: Management of Risk Foundation
  • Updated: Aug 02, 2026
  • Q & A: 140 Questions and Answers

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EXIN EX0-004 Exam Syllabus Topics:

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

EXIN Management of Risk Foundation Sample Questions:

1. What risk management specialism is focused on ensuring an organization keeps operating following an incident?

A) Financial risk management
B) Safety and security
C) Health and safety
D) Business continuity management


2. Which task will be carried out while performing the 'identify - risks' step?

A) Developing an appropriate response to the identified risks
B) Calculating when an identified risk is likely to occur
C) Ensuring that all participants agree on the identified risks
D) Ranking the importance of the stakeholders involved in the activity


3. Which is a responsibility of the team?

A) Run risk management workshops
B) Ensure adequate resources are available to implement the risk management strategy
C) Develop the risk improvement plan
D) Identify and escalate risks


4. Which is a responsibility of the M_o_R manager role?

A) Define risk tolerance thresholds
B) Prepares risk workshop materials
C) Defines how much risk should be taken
D) Ensures a risk review process is in operation


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

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


Solutions:

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

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