PMT 0170 RISK MANAGEMENT EXAMPREP
BUNDLED EXAMS LATEST KNOWLEDGE
CHECK WITH VERIFIED A+ SOLUTIONS AND
SCENARIOS
◉Which of the following are typical sources of framing assumptions
(FAs)? (Select all that apply.) Answer: -Technological and engineering
challenges
-Interdependencies with other programs
-Cost, schedule, and requirements tradeoffs
◉During which phase should you be building and maintaining robust
stakeholder relationships and ensuring horizontal and vertical
communications? Answer: MSA, TMRR, EMD
◉What would be the appropriate corrective action for the following
issue: One of the orders for materials is going to run 75% over budget
because the order will have to be shipped by air to meet schedule
requirements. The budgeting team may be able to find funds from other
sources. Answer: Transfer
,◉Which of the following is a responsibility of the Integrated Product
Team (IPT) during the risk management (RM) process? Answer:
Coordinate RM efforts for risks affecting multiple IPTs.
◉What is the main differences between a risk and an opportunity?
Answer: Risks have a negative consequence, while opportunities
requires creating additional tasks.
◉A Monte Carlo simulation reports a 75% chance that the prototyping
tasks associated with a new Doppler-based wind measuring technology
will be delayed 17 business days due to supply shortages of two key
pieces of equipment. Based on the likelihood and consequence table,
which of the following represents the appropriate location on the risk
matrix? Answer: L = 4; C = 2
◉During Technology Maturation and Risk Reduction (TMRR), the goal
is to primarily reduce which types of risk? (Select all that apply.)
Answer: -Technology
-Integration
-Engineering
◉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? Answer: Probability 4; Schedule Impact 2
, ◉Which of the following is the difference between a risk and an issue?
Answer: A risk is the potential of occurring; and issue has occurred or is
certain to occur.
◉Which of the following is a critical success factor to ensure effective
risk management (RM)? Answer: -Program Risk Process (PRP)
Document
◉Who may write the Program Risk Process (PRP) Document? Answer:
The program manager (PM) or a dedicated risk manager
◉The following describes which type of category of risk: Certification
for a new weapons system is scheduled for January. The test is
dependent on temperatures below freezing. If the temperature is too
warm, the system cannot be certified. Answer: Business
◉Your program is developing a piece of equipment that require a
seismograph to identify and track low ground vibrations within a
specific range. You need to understand how well the design and
manufacturing process will be able to meet the performance goals.
Which tool will provide that information? Answer: Performance risk
analysis (PRA)
◉Your program is planning on visiting a cooperating country to conduct
an information-sharing event with military counterparts. While the
government is strategically allied with U.S. interests, popular opposition
BUNDLED EXAMS LATEST KNOWLEDGE
CHECK WITH VERIFIED A+ SOLUTIONS AND
SCENARIOS
◉Which of the following are typical sources of framing assumptions
(FAs)? (Select all that apply.) Answer: -Technological and engineering
challenges
-Interdependencies with other programs
-Cost, schedule, and requirements tradeoffs
◉During which phase should you be building and maintaining robust
stakeholder relationships and ensuring horizontal and vertical
communications? Answer: MSA, TMRR, EMD
◉What would be the appropriate corrective action for the following
issue: One of the orders for materials is going to run 75% over budget
because the order will have to be shipped by air to meet schedule
requirements. The budgeting team may be able to find funds from other
sources. Answer: Transfer
,◉Which of the following is a responsibility of the Integrated Product
Team (IPT) during the risk management (RM) process? Answer:
Coordinate RM efforts for risks affecting multiple IPTs.
◉What is the main differences between a risk and an opportunity?
Answer: Risks have a negative consequence, while opportunities
requires creating additional tasks.
◉A Monte Carlo simulation reports a 75% chance that the prototyping
tasks associated with a new Doppler-based wind measuring technology
will be delayed 17 business days due to supply shortages of two key
pieces of equipment. Based on the likelihood and consequence table,
which of the following represents the appropriate location on the risk
matrix? Answer: L = 4; C = 2
◉During Technology Maturation and Risk Reduction (TMRR), the goal
is to primarily reduce which types of risk? (Select all that apply.)
Answer: -Technology
-Integration
-Engineering
◉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? Answer: Probability 4; Schedule Impact 2
, ◉Which of the following is the difference between a risk and an issue?
Answer: A risk is the potential of occurring; and issue has occurred or is
certain to occur.
◉Which of the following is a critical success factor to ensure effective
risk management (RM)? Answer: -Program Risk Process (PRP)
Document
◉Who may write the Program Risk Process (PRP) Document? Answer:
The program manager (PM) or a dedicated risk manager
◉The following describes which type of category of risk: Certification
for a new weapons system is scheduled for January. The test is
dependent on temperatures below freezing. If the temperature is too
warm, the system cannot be certified. Answer: Business
◉Your program is developing a piece of equipment that require a
seismograph to identify and track low ground vibrations within a
specific range. You need to understand how well the design and
manufacturing process will be able to meet the performance goals.
Which tool will provide that information? Answer: Performance risk
analysis (PRA)
◉Your program is planning on visiting a cooperating country to conduct
an information-sharing event with military counterparts. While the
government is strategically allied with U.S. interests, popular opposition
