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Exam Code: EX0-004
Exam Name: Management of Risk Foundation
Updated: Aug 09, 2026
Q & A: 140 Questions and Answers
EX0-004 Free Demo download
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| Section | Objectives |
|---|---|
| Risk Identification and Assessment | - Risk categorization and prioritization - Qualitative and quantitative risk assessment - Risk identification techniques |
| Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept) - Contingency planning - Designing and implementing risk responses |
| Risk Monitoring and Control | - Risk monitoring techniques - Continuous improvement in risk management - Reporting and escalation processes |
| Risk Management Principles | - Risk appetite and risk tolerance - Objectives and benefits of risk management - Definition of risk and risk management concepts |
| M_o_R Framework | - Roles and responsibilities in risk governance - Embedding risk management in organizational processes - Overview of M_o_R principles and approach |
1. How is the risk progress report used in the'implement' step?
A) Identify the status against the activity's stated measures for risk management
B) Gain agreement for the amount of risk that can be taken
C) Describe actions to enhance how risk management is performed
D) Identify the scales used to measure the probability and impact of a risk
2. Identify the missing word in the following sentence. The impact of risks to organizational goals at the [ ? ] perspective may only become noticeable far into the future.
A) programme
B) strategic
C) project
D) operational
3. What is represented graphically on a 'summary risk profile'?
A) Proximity of the identified risks
B) Summary of the actions required to respond to the risks in the activity
C) Risk capacity for the activity
D) Information found in the risk register
4. Which is a goal of the 'assess - evaluate' step?
A) Evaluate the impact, probability and how soon risks might occur
B) Assess and evaluate the effectiveness of procedures for managing risks
C) Calculate the net effect of risks facing the activity
D) Evaluate the net cost of planned risk responses
5. Which is NOT a recommended risk response option for an 'opportunity'?
A) Transfer
B) Enhance
C) Share
D) Reduce
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |
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