PMT 0170 Risk Management Exam Questions
With Correct Answers
Which of the following is a step of the Department of Defense (DoD) Risk
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Management Process? - CORRECT ANSWER✔✔--Registration
| | | |
-Sourcing
-*Mitigation*
-Tracking
Which of the following is a critical success factor to ensure effective risk
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management (RM)? - CORRECT ANSWER✔✔--Researching best practices
| | | | | |
-Assembling the most qualified personnel for the team
| | | | | | |
-Establishing priority risk categories
| | |
-*Program Risk Process (PRP) Document*
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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
| | | | |
-*Business*
-Programmatic
Which of the following are the components of opportunity management (OM)? -
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CORRECT ANSWER✔✔--Probability, cost, future root cause
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, -Likelihood, level, consequence | |
-Level, priority, benefit
| |
-*Future root cause, probability, benefit*
| | | |
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
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(PRP) Document? - CORRECT ANSWER✔✔--Risk Owner
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-Risk Working Group
| |
-*Risk Management Board (RMB)*
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-Program Executive Officer (PEO) | | |
During the Materiel Solution Analysis (MSA) phase, it is important to assess risks
| | | | | | | | | | | | |
to achieve exit criteria for which review? - CORRECT ANSWER✔✔--*Alternative
| | | | | | | | | |
System Review (ASR)* | |
-System Functional Review (SFR)
| | |
-Preliminary Design Review (PDR) | | |
-System Requirements Review (SRR)
| | |
Monte Carlo simulations use computational algorithms to simulate the behavior
| | | | | | | | | |
of various systems in a nondeterministic manner. Why are these
| | | | | | | | |
"nondeterministic" results important to program schedule analysis? - CORRECT
| | | | | | | | | |
ANSWER✔✔--Because the results show the average length of the tasks needed to | | | | | | | | | | |
complete the program for the PM to use when building the schedule
| | | | | | | | | | | |
-Because the results show a clear path to project completion for the program
| | | | | | | | | | | | |
manager (PM) to follow | | |
With Correct Answers
Which of the following is a step of the Department of Defense (DoD) Risk
| | | | | | | | | | | | | |
Management Process? - CORRECT ANSWER✔✔--Registration
| | | |
-Sourcing
-*Mitigation*
-Tracking
Which of the following is a critical success factor to ensure effective risk
| | | | | | | | | | | | |
management (RM)? - CORRECT ANSWER✔✔--Researching best practices
| | | | | |
-Assembling the most qualified personnel for the team
| | | | | | |
-Establishing priority risk categories
| | |
-*Program Risk Process (PRP) Document*
| | | |
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
| | | | |
-*Business*
-Programmatic
Which of the following are the components of opportunity management (OM)? -
| | | | | | | | | | | |
CORRECT ANSWER✔✔--Probability, cost, future root cause
| | | | |
, -Likelihood, level, consequence | |
-Level, priority, benefit
| |
-*Future root cause, probability, benefit*
| | | |
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 Owner
| | | | | |
-Risk Working Group
| |
-*Risk Management Board (RMB)*
| | |
-Program Executive Officer (PEO) | | |
During the Materiel Solution Analysis (MSA) phase, it is important to assess risks
| | | | | | | | | | | | |
to achieve exit criteria for which review? - CORRECT ANSWER✔✔--*Alternative
| | | | | | | | | |
System Review (ASR)* | |
-System Functional Review (SFR)
| | |
-Preliminary Design Review (PDR) | | |
-System Requirements Review (SRR)
| | |
Monte Carlo simulations use computational algorithms to simulate the behavior
| | | | | | | | | |
of various systems in a nondeterministic manner. Why are these
| | | | | | | | |
"nondeterministic" results important to program schedule analysis? - CORRECT
| | | | | | | | | |
ANSWER✔✔--Because the results show the average length of the tasks needed to | | | | | | | | | | |
complete the program for the PM to use when building the schedule
| | | | | | | | | | | |
-Because the results show a clear path to project completion for the program
| | | | | | | | | | | | |
manager (PM) to follow | | |
