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PMT 0170 RISK MANAGEMENT
EXAM QUESTIONS & ANS WERS
Question: Which of the following is a step of the
Department of Defense (DoD) Risk Management Process?
CORRECT ANSWER : Mitigation
Question: Which of the following is a critical success
factor to ensure effective risk management (RM)?
CORRECT ANSWER : Assembling the most qualified
personnel for the team
Question: The following describes which type of category
of risk: Certification for a new weapons system is
scheduled for January. To conduct a meaningful test, temperatures must be below freezing. If the temperature is too warm, the test cannot be conducted.
CORRECT ANSWER : Technical
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Question: Which of the following are the components of
opportunity management (OM)?
CORRECT ANSWER : Future root cause, probability,
benefit
Question: Within a program, which of the following
entities is responsible for ensuring the risk management (RM) process is executed according to the Program Risk Process (PRP) Document?
CORRECT ANSWER : Risk Management Board (RMB)
Question: During the Materiel Solution Analysis (MSA)
phase, it is important to assess risks to achieve exit criteria for which review?
CORRECT ANSWER : System Requirements Review
(SRR)
Question: Monte Carlo simulations use computational
algorithms to simulate the behavior of various systems in a nondeterministic manner. Why are these
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"nondeterministic" results important to program schedule analysis?
CORRECT ANSWER : Because there are one or more
points in the simulation where a choice is made between different paths, without any specific guidance on which one will be chosen
Question: We have an expert-written solution to this
problem!Your program includes teams in six different locations.These teams need access to different pieces of risk monitoring data in order to monitor, manage, and report risk. Which of the following risk monitoring tools would be most appropriate?
CORRECT ANSWER : Risk Management (RM)
information systems
Question: Based on the results of a simulation, there is a
70% chance that the project will end two weeks behind schedule. Using the table provided, what would the cumulative schedule risk be, based on a two-week schedule delay?
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CORRECT ANSWER : Probability 2; Schedule Impact 2
Question: Which of the following are typical sources of
framing assumptions (FAs)? (Select three that apply.)
CORRECT ANSWER : Technological and engineering
challenges, Interdependencies with other programs, Cost, schedule, and requirements tradeoffs
Question: Which of the following are Management Level
responsibilities during the risk management (RM) process? (Select two that apply.)
CORRECT ANSWER : Approve risk closure for IPT-
level risks and notify the program RMB for closure, Reviews risks affecting and owned by multiple IPTs
Question: You are managing the implementation of an
aircraft for the Marines that was originally designed for and implemented by the Navy. What type of analysis would help you identify potential risks to your program?