PMT 0170 RISK MANAGEMENT EXAM LATEST
QUESTIONS AND CORRECT VERIFIED ANSWERS |
ALREADY GRADED A+ {ACTUAL EXAM}
Which of the following is a step of the Department of Defense (DoD) Risk
Management Process? - ANSWER -Registration
-Sourcing
-*Mitigation*
-Tracking
Which of the following is a critical success factor to ensure effective risk
management (RM)? - 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. - ANSWER -Technical
-*Business*
-Programmatic
Which of the following are the components of opportunity management (OM)? -
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? - 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? - 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? - 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
-Because it means there is no way to tell which way is the correct way to run the
program
-*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*
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? - ANSWER
-Risk Management (RM) information systems
-Risk reporting matrix (WRONG ANSWER)
-Technical performance measurements (TPMs)
-Waterfall effect
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?
Level Probability of Occurrence Schedule Impact
1 0% to 19% 0 to 7 days
2 20% to 39% 8 to 14 days
3 40% to 59% 15 to 21 days
4 60% to 79% 22 to 28 days
5 80% to 100% 29 to 35 days - ANSWER -Probability 4; Schedule Impact 4
-Probability 2; Schedule Impact 2
-Probability 2; Schedule Impact 4
-*Probability 4; Schedule Impact 2*
Which of the following are typical sources of framing assumptions (FAs)? (Select
three that apply.) - ANSWER -*Technological and engineering challenges*
-*Interdependencies with other programs*
-New acquisition regulations
-*Cost, schedule, and requirements tradeoffs*
Which of the following are Management Level responsibilities during the risk
management (RM) process? (Select two that apply.) - ANSWER -*Approve risk
closure for IPT-level risks and notify the program RMB for closure.*
-Leads the development of and approve the mitigations plan and options.
-*Reviews risks affecting and owned by multiple IPTs.*
-Brief the risk mitigation plan to the program or IPT Risk Management Board (RMB)
for approval.
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? - ANSWER -Process Risk
Analysis
QUESTIONS AND CORRECT VERIFIED ANSWERS |
ALREADY GRADED A+ {ACTUAL EXAM}
Which of the following is a step of the Department of Defense (DoD) Risk
Management Process? - ANSWER -Registration
-Sourcing
-*Mitigation*
-Tracking
Which of the following is a critical success factor to ensure effective risk
management (RM)? - 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. - ANSWER -Technical
-*Business*
-Programmatic
Which of the following are the components of opportunity management (OM)? -
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? - 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? - 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? - 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
-Because it means there is no way to tell which way is the correct way to run the
program
-*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*
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? - ANSWER
-Risk Management (RM) information systems
-Risk reporting matrix (WRONG ANSWER)
-Technical performance measurements (TPMs)
-Waterfall effect
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?
Level Probability of Occurrence Schedule Impact
1 0% to 19% 0 to 7 days
2 20% to 39% 8 to 14 days
3 40% to 59% 15 to 21 days
4 60% to 79% 22 to 28 days
5 80% to 100% 29 to 35 days - ANSWER -Probability 4; Schedule Impact 4
-Probability 2; Schedule Impact 2
-Probability 2; Schedule Impact 4
-*Probability 4; Schedule Impact 2*
Which of the following are typical sources of framing assumptions (FAs)? (Select
three that apply.) - ANSWER -*Technological and engineering challenges*
-*Interdependencies with other programs*
-New acquisition regulations
-*Cost, schedule, and requirements tradeoffs*
Which of the following are Management Level responsibilities during the risk
management (RM) process? (Select two that apply.) - ANSWER -*Approve risk
closure for IPT-level risks and notify the program RMB for closure.*
-Leads the development of and approve the mitigations plan and options.
-*Reviews risks affecting and owned by multiple IPTs.*
-Brief the risk mitigation plan to the program or IPT Risk Management Board (RMB)
for approval.
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? - ANSWER -Process Risk
Analysis
