PMT 0170 Exam - Questions With Detailed
Solutions
Why is it important to collaborate with contractors on risk management
(RM)? Correct Answer - Most issues begin with the contractor, so it is
essential for the government to prevent risks (NOT)
Which of the following are typical sources of framing assumptions (FAs)?
(Select all that apply.) Correct Answer - -Technological and engineering
challenges
-Interdependencies with other programs
-Cost, schedule, and requirements tradeoffs
During which phase should you be building and maintaining robust
stakeholder relationships and ensuring horizontal and vertical
communications? Correct Answer - MSA, TMRR, EMD
What would be the appropriate corrective action for the following issue: One
of the orders for materials is going to run 75% over budget because the order
will have to be shipped by air to meet schedule requirements. The budgeting
team may be able to find funds from other sources. Correct Answer -
Transfer
Which of the following is a responsibility of the Integrated Product Team
(IPT) during the risk management (RM) process? Correct Answer -
Coordinate RM efforts for risks affecting multiple IPTs.
What is the main differences between a risk and an opportunity? Correct
Answer - Risks have a negative consequence, while opportunities requires
creating additional tasks.
A Monte Carlo simulation reports a 75% chance that the prototyping tasks
associated with a new Doppler-based wind measuring technology will be
delayed 17 business days due to supply shortages of two key pieces of
equipment. Based on the likelihood and consequence table, which of the
, following represents the appropriate location on the risk matrix? Correct
Answer - L = 4; C = 2
During Technology Maturation and Risk Reduction (TMRR), the goal is to
primarily reduce which types of risk? (Select all that apply.) Correct
Answer - -Technology
-Integration
-Engineering
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?
Correct Answer - Probability 4; Schedule Impact 2
Which of the following is the difference between a risk and an issue?
Correct Answer - A risk is the potential of occurring; and issue has occurred
or is certain to occur.
Which of the following is a critical success factor to ensure effective risk
management (RM)? Correct Answer - -Program Risk Process (PRP)
Document
Who may write the Program Risk Process (PRP) Document? Correct
Answer - The program manager (PM) or a dedicated risk manager
The following describes which type of category of risk: Certification for a new
weapons system is scheduled for January. The test is dependent on
temperatures below freezing. If the temperature is too warm, the system
cannot be certified. Correct Answer - Business
Your program is developing a piece of equipment that require a seismograph
to identify and track low ground vibrations within a specific range. You need
to understand how well the design and manufacturing process will be able to
meet the performance goals. Which tool will provide that information?
Correct Answer - Performance risk analysis (PRA)
Your program is planning on visiting a cooperating country to conduct an
information-sharing event with military counterparts. While the government
is strategically allied with U.S. interests, popular opposition to U.S. policies has
Solutions
Why is it important to collaborate with contractors on risk management
(RM)? Correct Answer - Most issues begin with the contractor, so it is
essential for the government to prevent risks (NOT)
Which of the following are typical sources of framing assumptions (FAs)?
(Select all that apply.) Correct Answer - -Technological and engineering
challenges
-Interdependencies with other programs
-Cost, schedule, and requirements tradeoffs
During which phase should you be building and maintaining robust
stakeholder relationships and ensuring horizontal and vertical
communications? Correct Answer - MSA, TMRR, EMD
What would be the appropriate corrective action for the following issue: One
of the orders for materials is going to run 75% over budget because the order
will have to be shipped by air to meet schedule requirements. The budgeting
team may be able to find funds from other sources. Correct Answer -
Transfer
Which of the following is a responsibility of the Integrated Product Team
(IPT) during the risk management (RM) process? Correct Answer -
Coordinate RM efforts for risks affecting multiple IPTs.
What is the main differences between a risk and an opportunity? Correct
Answer - Risks have a negative consequence, while opportunities requires
creating additional tasks.
A Monte Carlo simulation reports a 75% chance that the prototyping tasks
associated with a new Doppler-based wind measuring technology will be
delayed 17 business days due to supply shortages of two key pieces of
equipment. Based on the likelihood and consequence table, which of the
, following represents the appropriate location on the risk matrix? Correct
Answer - L = 4; C = 2
During Technology Maturation and Risk Reduction (TMRR), the goal is to
primarily reduce which types of risk? (Select all that apply.) Correct
Answer - -Technology
-Integration
-Engineering
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?
Correct Answer - Probability 4; Schedule Impact 2
Which of the following is the difference between a risk and an issue?
Correct Answer - A risk is the potential of occurring; and issue has occurred
or is certain to occur.
Which of the following is a critical success factor to ensure effective risk
management (RM)? Correct Answer - -Program Risk Process (PRP)
Document
Who may write the Program Risk Process (PRP) Document? Correct
Answer - The program manager (PM) or a dedicated risk manager
The following describes which type of category of risk: Certification for a new
weapons system is scheduled for January. The test is dependent on
temperatures below freezing. If the temperature is too warm, the system
cannot be certified. Correct Answer - Business
Your program is developing a piece of equipment that require a seismograph
to identify and track low ground vibrations within a specific range. You need
to understand how well the design and manufacturing process will be able to
meet the performance goals. Which tool will provide that information?
Correct Answer - Performance risk analysis (PRA)
Your program is planning on visiting a cooperating country to conduct an
information-sharing event with military counterparts. While the government
is strategically allied with U.S. interests, popular opposition to U.S. policies has
