PMT 0170 RISK MANAGEMENT EXAM
QUESTIONS AND CORRECT
ANSWERS
Which of the following is important for good government/contractor coordination of risk
management (RM)? (Select two that apply.) 6.3 - 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 - 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 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 - Answer-Not: Issue identification
Which of the following is a step of the Department of Defense (DoD) Risk Management
Process? 3.1 - Answer-Mitigation
Which of the following are risk process planning objectives? (Select three that apply.)
6.1 - Answer-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
Identifies and describes the risk management (RM) roles and responsibilities for all
program personnel
Which of the following are attributes of a framing assumption (FA) in an acquisition
program? (Select two that apply.) - Answer-No "work-arounds"
Program-specific
Based on the results of a simulation, there is a 70% chance that a 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? 10.3 - Answer-Probability 4; Schedule
Impact 2
Who may write the Program Risk Process (PRP) Document? 6.4 - Answer-The program
manager (PM) or a dedicated risk manager
QUESTIONS AND CORRECT
ANSWERS
Which of the following is important for good government/contractor coordination of risk
management (RM)? (Select two that apply.) 6.3 - 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 - 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 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 - Answer-Not: Issue identification
Which of the following is a step of the Department of Defense (DoD) Risk Management
Process? 3.1 - Answer-Mitigation
Which of the following are risk process planning objectives? (Select three that apply.)
6.1 - Answer-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
Identifies and describes the risk management (RM) roles and responsibilities for all
program personnel
Which of the following are attributes of a framing assumption (FA) in an acquisition
program? (Select two that apply.) - Answer-No "work-arounds"
Program-specific
Based on the results of a simulation, there is a 70% chance that a 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? 10.3 - Answer-Probability 4; Schedule
Impact 2
Who may write the Program Risk Process (PRP) Document? 6.4 - Answer-The program
manager (PM) or a dedicated risk manager
