EXIN EX0-004 : Management of Risk Foundation

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EXIN EX0-004 Exam Syllabus Topics:

EXIN Management of Risk Foundation Sample Questions:

1. Which is a use of the risk management policy in the 'identify - context' step for an activity?

A) Recording departures from the risk management process guide
B) Providing guidance on setting risk tolerance thresholds
C) Identifying the activity-specific categories to be used for grouping risks
D) Defining the records to be used

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

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

3. What step is used to determine those risks which have the greatest effect on the objectives of a planned activity?

A) Implement
B) Plan
C) Identify
D) Assess

4. Which describes the 'reduce a threat' risk response option?

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

5. Which is a purpose of using a risk maturity model?

A) Understand the nature of risks facing an organization and the actions needed to respond
B) Provide independent risk information at key decision points within a programme or project
C) Show to which organizational activities risk management should be applied
D) Identify where the application of risk management within an organization can be improved

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