PMT 0170 Risk Management - Questions With
Correct 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
Correct 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
