EXIN Management of Risk Foundation - EX0-004 Exam Practice Test

A. Partake in a pain/gain contract with another party for the specified risk

B. Perform an action to minimise the impact of the risk should it occur

C. Carry out an action to make the uncertain situation certain

D. Obtain an insurance policy to cover the impact should the risk occur

A. Availability of skills to deliver services to new and existing customers

B. Implementing new business practices across organizational boundaries

C. Schedule of business products to time and cost

D. Legislation that affects core business activities

A. Impact of a secondary risk if it occurs

B. Effect on objectives if a risk occurs before starting to tackle risks

C. Proximity of a risk after implementation of risk response actions

D. Likelihood of a risk occurring after completed risk response actions

A. Maintaining the appropriate levels of service delivery to new and existing customers

B. Delivering defined business change products within budget and on time

C. Developing plans to improve the overall efficiency of the organization

D. Implementing business strategy to improve organizational performance

A. Operational

B. Project

C. Programme

D. Strategic

A. Embedding and reviewing

B. Supports organizational performance

C. Changes the culture of risk management

D. Achieves measurable value