EXIN EX0-004 Exam : Management of Risk Foundation

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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which statement describes the'avoid a threat' risk response option?

A) Obtain an insurance policy to cover the impact should the risk occur
B) Perform an action to minimise the impact of the risk should it occur
C) Remove the cause of the threat
D) Partake in a pain/gain contract with another party for the specified risk

2. Which does the SWOT analysis technique help to identify about an organization?

A) Internal strengths
B) Long-term trends
C) Stakeholder views
D) Corporate governance requirements

3. What is the difference between a risk and an issue?

A) A risk has a negative impact on objectives, an issue has a positive impact on objectives
B) A risk may have an impact on objectives, an issue is impacting objectives now
C) A risk is impacting objectives now, an issue may have an impact on objectives
D) A risk can impact on all activities, an issue impacts on project deliverables only

4. Which is recorded in the risk register in the 'identify - risks' step?

A) Description of the risk
B) Lessons learned from completed activities
C) Responses to risks
D) Assessed probability of risks

5. Which specialism has been developed to offer business as usual in the quickest possible time in the event of an emergency?

A) Reputational risk management
B) Business continuity management
C) Incident and crisis management
D) Health and safety management

Solutions: