- Exam Code: EX0-004
- Exam Name: Management of Risk Foundation
- Updated: Aug 08, 2026
- Q & A: 140 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Risk Response Planning | - Designing and implementing risk responses - Risk response options (avoid, reduce, transfer, accept) - Contingency planning |
| Topic 2: Risk Identification and Assessment | - Risk categorization and prioritization - Qualitative and quantitative risk assessment - Risk identification techniques |
| Topic 3: Risk Monitoring and Control | - Reporting and escalation processes - Risk monitoring techniques - Continuous improvement in risk management |
| Topic 4: M_o_R Framework | - Overview of M_o_R principles and approach - Embedding risk management in organizational processes - Roles and responsibilities in risk governance |
| Topic 5: Risk Management Principles | - Risk appetite and risk tolerance - Definition of risk and risk management concepts - Objectives and benefits of risk management |
1. What objectives are associated with decisions about risks to the delivery of business change capabilities?
A) Strategic
B) Enterprise
C) Operational
D) Programme
2. Which BEST describes an area of uncertainty at the operational perspective?
A) Minimizing disruptions to customer services during transformational change
B) Damage to the organization's infrastructure
C) Variation to the schedule of a defined business product
D) Availability of skills required to deliver services to customers
3. Identify the missing words in the following sentence. The primary outcome of the [ ? ] principle is that the identification of risks is thorough.
A) creates a supportive culture
B) facilitates continual improvement
C) provides clear guidance
D) engages stakeholders
4. Which is a benefit of effective risk management?
A) Removes the organization's need to take risks
B) Activity plans are agreed before the activity commences
C) Guarantees business benefits will be delivered
D) Staff members are better prepared to respond to incidents
5. What is defined as the level of risk exposure that, once exceeded, will trigger an escalation?
A) Risk appetite
B) Risk tolerance
C) Risk perception
D) Risk capacity
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |
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