PMT 0170 Risk Management 2024
with 26 Verified Questions and
Answers/Latest Update
Why are Monte Carlo simulations used in program schedule analysis? 10.2 - -To
find the cumulative effect of multiple risks on total project schedule duration or
total project cost
-A shortage of steel has caused a delay in one of the tasks until the material is
available. The original plan estimated the material to be available in 6 weeks, but
the shortage continues. What would be an appropriate step in tracking and
managing this issue? 15.3 - -Adjust the corrective action plan and issue level as
warranted.
-Since risks should be closely tied to individual tasks and deliverables, which of
the following should be used as a cross-reference to each risk? 31.1 - -Work
Breakdown Structure (WBS) number
-The following describes which type of category of risk: Two legacy software
systems must be combined into one system in order to operate a new piece of
hardware. Programmers must find a way to ensure that old data records in each
system are still editable. If not, the hardware will not operate correctly. 7.2 - -
Technical
-Which of the following is important for good government/contractor
coordination of risk management (RM)? (Select two that apply.) 6.3 - -Not:
Common approaches to addressing risk.
All personnel committing to plan and execute a successful risk management (RM)
program
-Which of the following is a critical success factor to ensure effective risk
management (RM)? 4.1 - -Program Risk Process (PRP) Document
-Which stage of the issue management (IM) process is characterized by the
following scenario: It has been observed that the battery used in the new portable
Doppler-based wind measuring system doesn't maintain a charge for long periods
of time. After some study, it is determined that the issue has only a moderate effect
on the program's success. 15.1 - -Not: Issue identification
-Which of the following is a step of the Department of Defense (DoD) Risk
Management Process? 3.1 - -Mitigation
-Which of the following are risk process planning objectives? (Select three that
apply.) 6.1 - -Identifies the plan for training Integrated Product Team (IPT)
members in RM techniques
Ensures sound risk management (RM) principles, tools, and techniques are
applied to the risk management program
with 26 Verified Questions and
Answers/Latest Update
Why are Monte Carlo simulations used in program schedule analysis? 10.2 - -To
find the cumulative effect of multiple risks on total project schedule duration or
total project cost
-A shortage of steel has caused a delay in one of the tasks until the material is
available. The original plan estimated the material to be available in 6 weeks, but
the shortage continues. What would be an appropriate step in tracking and
managing this issue? 15.3 - -Adjust the corrective action plan and issue level as
warranted.
-Since risks should be closely tied to individual tasks and deliverables, which of
the following should be used as a cross-reference to each risk? 31.1 - -Work
Breakdown Structure (WBS) number
-The following describes which type of category of risk: Two legacy software
systems must be combined into one system in order to operate a new piece of
hardware. Programmers must find a way to ensure that old data records in each
system are still editable. If not, the hardware will not operate correctly. 7.2 - -
Technical
-Which of the following is important for good government/contractor
coordination of risk management (RM)? (Select two that apply.) 6.3 - -Not:
Common approaches to addressing risk.
All personnel committing to plan and execute a successful risk management (RM)
program
-Which of the following is a critical success factor to ensure effective risk
management (RM)? 4.1 - -Program Risk Process (PRP) Document
-Which stage of the issue management (IM) process is characterized by the
following scenario: It has been observed that the battery used in the new portable
Doppler-based wind measuring system doesn't maintain a charge for long periods
of time. After some study, it is determined that the issue has only a moderate effect
on the program's success. 15.1 - -Not: Issue identification
-Which of the following is a step of the Department of Defense (DoD) Risk
Management Process? 3.1 - -Mitigation
-Which of the following are risk process planning objectives? (Select three that
apply.) 6.1 - -Identifies the plan for training Integrated Product Team (IPT)
members in RM techniques
Ensures sound risk management (RM) principles, tools, and techniques are
applied to the risk management program
