EXIN EX0-004 : Management of Risk Foundation

  • Exam Code: EX0-004
  • Exam Name: Management of Risk Foundation
  • Updated: Sep 10, 2026
  • Q & A: 140 Questions and Answers

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EXIN EX0-004 Exam Syllabus Topics:

SectionWeightObjectives
M_o_R Process40%- Implement responses
- Plan responses
- Identify risks
- Communicate and consult
- Assess risks (estimate and evaluate)
Embedding and Reviewing M_o_R15%- Risk culture and maturity
- Embedding risk management
- Reviewing and improving
M_o_R Principles20%- Facilitate continual improvement
- Be open and responsive
- Provide clear guidance
- Fit the context
- Align with objectives
- Involve stakeholders
M_o_R Approach25%- Risk management process guide
- Risk improvement plan
- Risk management policy
- Risk register
- Roles and responsibilities

EXIN Management of Risk Foundation Sample Questions:

Question #1

Which is a benefit of effective risk management?

  • A. Guarantees business benefits will be delivered
  • B. Successful completion of all change activities
  • C. Organizations are better prepared to recover from unplanned incidents
  • D. Eliminates risk-taking within an organization
Answer: C
Question #2

Which is a responsibility of the senior team role?

  • A. Document the importance of risk management towards achieving organizational objectives
  • B. Specify the required budget to fund risks
  • C. Approve assessments of risk probability, impact and proximity
  • D. Agree the timing of risk progress reports for an activity
Answer: A
Question #3

Which role provides sponsorship to ensure that risk management is embraced within the organization?

  • A. Assurance
  • B. Risk specialist
  • C. Manager
  • D. Senior manager
Answer: D
Question #4

Which is a purpose of the risk management process guide?

  • A. Explain how risk management practices will be implemented throughout an organization
  • B. Describe the specific risk management activities that will be performed on a particular organizational activity
  • C. Explain how the risk management steps will be carried out across the organization
  • D. Describe the steps required to improve the level of risk management within an organization
Answer: C
Question #5

What is the goal of the 'assess - estimate' step?

  • A. Assess the effectiveness of the risk management processes within an organization
  • B. Determine the risks with the greatest effect on an activities objectives
  • C. Identify the threats and opportunities facing the organizational activity
  • D. Estimate and agree the budget required to manage risks to the activity
Answer: B

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