PMT 0170 Risk Management Exam Questions
With Complete Solutions
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
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following should be used as a cross-reference to each risk? 31.1 - CORRECT
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ANSWER✔✔-Work Breakdown Structure (WBS) number | | | |
The following describes which type of category of risk: Two legacy software
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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)
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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 - CORRECT ANSWER✔✔-Not:
| | | | | | | | | |
Issue identification
|
Which of the following is a step of the Department of Defense (DoD) Risk
| | | | | | | | | | | | | |
Management Process? 3.1 - CORRECT ANSWER✔✔-Mitigation | | | | |
Which of the following are risk process planning objectives? (Select three that
| | | | | | | | | | | |
apply.) 6.1 - CORRECT 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
| |
With Complete Solutions
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 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 - CORRECT ANSWER✔✔-Not:
| | | | | | | | | |
Issue identification
|
Which of the following is a step of the Department of Defense (DoD) Risk
| | | | | | | | | | | | | |
Management Process? 3.1 - CORRECT ANSWER✔✔-Mitigation | | | | |
Which of the following are risk process planning objectives? (Select three that
| | | | | | | | | | | |
apply.) 6.1 - CORRECT 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
| |
