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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

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

A) Number of risks in different categories
B) Actions developed to mitigate threats
C) Unmanaged risks
D) Actions to improve risk management

2. Which is a benefit of effective risk management?

A) Increases the number of risks that may occur for an activity
B) Guarantees business benefits will be delivered
C) Eliminates risk to an activity
D) Improves the probability of achieving objectives

3. Which describes the threat response option 'accept the risk'?

A) Carry out an action to make the uncertain situation certain
B) Perform an action to minimize the impact of the risk should it occur
C) Partake in a pain/gain contract with another party for the specified risk
D) Take no action except monitor the risk to ensure it remains tolerable

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

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

5. Which risk response option'takes the chance' that the risk will occur, with its full impact if it did?

A) Share the risk
B) Transfer the risk
C) Prepare contingent plans
D) Accept the risk

Solutions: