EXIN EX0-004 : Management of Risk Foundation

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

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EXIN EX0-004 Exam Syllabus Topics:

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

EXIN Management of Risk Foundation Sample Questions:

Question #1

What document provides a record of the risks identified for a particular activity?

  • A. Risk register
  • B. Risk improvement plan
  • C. Risk progress report
  • D. Risk management strategy
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

What is the difference between a risk and an issue?

  • A. A risk can impact on all activities, an issue impacts on project deliverables only
  • B. An issue has a short time-scale proximity and risk has medium- or long-term proximity
  • C. An issue impacts on quality, a risk impacts on benefits
  • D. An Issue is a risk that has occurred, a risk is yet to occur
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #3

Which information from the risk register is used during the'assess - evaluate' step to calculate the total risk exposure of an activity?

  • A. The timeframe in which the risks are likely to occur
  • B. Estimated likelihood of the risks occurring
  • C. Identified risks resulting from a risk response action
  • D. Exposure of the risks after completion of risk responses
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

Which perspective would the 'fits the context' principle be applied to in order to identify laws that impact core business activities?

  • A. Project
  • B. Operational
  • C. Strategic
  • D. Programme
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #5

Identify the missing word in the following sentence. The primary steps in the 'MoR process' are 'implement', identify', [ ? ] and assess'.

  • A. manage
  • B. perform
  • C. plan
  • D. record
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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