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Exam Code: EX0-004
Exam Name: Management of Risk Foundation
Updated: Aug 06, 2026
Q & A: 140 Questions and Answers
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| Section | Objectives |
|---|---|
| Risk Response Planning | - Risk response options (avoid, reduce, transfer, accept) - Designing and implementing risk responses - Contingency planning |
| M_o_R Framework | - Overview of M_o_R principles and approach - Roles and responsibilities in risk governance - Embedding risk management in organizational processes |
| Risk Management Principles | - Objectives and benefits of risk management - Risk appetite and risk tolerance - Definition of risk and risk management concepts |
| Risk Identification and Assessment | - Risk categorization and prioritization - Risk identification techniques - Qualitative and quantitative risk assessment |
| Risk Monitoring and Control | - Continuous improvement in risk management - Risk monitoring techniques - Reporting and escalation processes |
1. Which is a responsibility of the M_o_R senior team role?
A) Ensure an escalation process is in place
B) Ensure adequate resources are available to implement the risk management strategy
C) Develop plans to improve risk management
D) Maintain ownership of the risk management policy
2. Which BEST describes an area of uncertainty at the operational perspective?
A) Availability of skills required to deliver services to customers
B) Damage to the organization's infrastructure
C) Variation to the schedule of a defined business product
D) Minimizing disruptions to customer services during transformational change
3. Identify the missing words in the following sentence. The lack of [ ? ] is a common barrier to implementing the risk management process.
A) clear guidance for managers and staff
B) a high-risk appetite
C) appropriate responses to risks
D) an assigned risk owner
4. What objectives are associated with decisions on risks to the achievement of long-term goals?
A) Project
B) Programme
C) Operational
D) Strategic
5. Which task will be carried out while performing the 'identify - risks' step?
A) Ranking the importance of the stakeholders involved in the activity
B) Developing an appropriate response to the identified risks
C) Ensuring that all participants agree on the identified risks
D) Calculating when an identified risk is likely to occur
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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