PMT 0170 Risk Management UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Why are Monte Carlo simulations used in program schedule analysis? 10.2 - CORRECT
ANSWER -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 - CORRECT
ANSWER -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 - CORRECT ANSWER -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 - CORRECT ANSWER -Technical
Which of the following is important for good government/contractor coordination of risk
management (RM)? (Select two that apply.) 6.3 - CORRECT ANSWER -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
- CORRECT ANSWER -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
ACTUAL Exam Questions and CORRECT
Answers
Why are Monte Carlo simulations used in program schedule analysis? 10.2 - CORRECT
ANSWER -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 - CORRECT
ANSWER -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 - CORRECT ANSWER -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 - CORRECT ANSWER -Technical
Which of the following is important for good government/contractor coordination of risk
management (RM)? (Select two that apply.) 6.3 - CORRECT ANSWER -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
- CORRECT ANSWER -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
