CLM 017 Risk Management Exam
UPDATED ACTUAL Exam Questions and
CORRECT Answers
What would be the appropriate corrective action for the following issue: A major water leak has
permanently damaged 45% of the servers used to control the cloud-based network infrastructure.
This has been designated a high issue. - CORRECT ANSWER -· Control
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. - CORRECT ANSWER -· Technical
You are managing a base realignment program to consolidate four bases, while
expanding/modernizing the? surviving? base. As part of that program, there is a requirement to
reduce water run-off by 25% from both bases. You have heard from a colleague about a new
water-permeable concrete that allows water infiltration at a rapid rate and lasts for up to 10 years.
Is this a risk or an opportunity? - CORRECT ANSWER -Opportunity
A shortage of steel has caused a delay in one of the tasks until I 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 to tracking and managing this issue? - CORRECT
ANSWER -· Adjust the corrective action plan and issue level as warranted.
Who may write the Program Risk Process (PRP) Document? - CORRECT ANSWER -·
The program manager (PM) or a dedicated risk manager
Which of the following is the difference between a risk and an issue? - CORRECT
ANSWER -A risk is the potential of occurring; an issue has occurred or is certain to occur.
How many framing assumptions (FAs) should the typical program have? - CORRECT
ANSWER -· About 3-5
, During Technology Maturation and Risk Reduction (TMRR), the goal is to primarily reduce
which types of risk? (Select all that apply.) - CORRECT ANSWER -· Integration
· Technology
· Engineering
You have contracted a university research team to create a new optic lens as a part of your
programs satellite system. Your group has never worked with this team before, and has included
a new potential risk stemming from their development and testing procedures. What type of
analysis could you use to identify and reduce specific risks from their processes? - CORRECT
ANSWER -· Process Risk Analysis
Which of the following is a step of the Department of Defense (DoD) Risk Management
Process? - CORRECT ANSWER -· Mitigation
Your program includes teams in six different locations. These teams need access to different
pieces of risk monitoring data in order to monitor, manage, and report risk. Which of the
following risk monitoring tools would be most appropriate? - CORRECT ANSWER -·
Risk management (RM) information system
Within a program, which of the following entities is responsible for overseeing the management
of risks, opportunities, and issues? - CORRECT ANSWER -· Program manager (PM)
Your program is developing a piece of equipment that requires 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)
You are managing a program for the U.S. Navy to develop a new diving helmet with enhanced
visualization capabilities. The materials engineers inform you that there is a 5% chance that
condensation from breathing may cause the screen to become unreadable, but that an anti-
fogging film may be used if that issue arises during testing. Which risk mitigation technique
should you choose? - CORRECT ANSWER -· Control
UPDATED ACTUAL Exam Questions and
CORRECT Answers
What would be the appropriate corrective action for the following issue: A major water leak has
permanently damaged 45% of the servers used to control the cloud-based network infrastructure.
This has been designated a high issue. - CORRECT ANSWER -· Control
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. - CORRECT ANSWER -· Technical
You are managing a base realignment program to consolidate four bases, while
expanding/modernizing the? surviving? base. As part of that program, there is a requirement to
reduce water run-off by 25% from both bases. You have heard from a colleague about a new
water-permeable concrete that allows water infiltration at a rapid rate and lasts for up to 10 years.
Is this a risk or an opportunity? - CORRECT ANSWER -Opportunity
A shortage of steel has caused a delay in one of the tasks until I 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 to tracking and managing this issue? - CORRECT
ANSWER -· Adjust the corrective action plan and issue level as warranted.
Who may write the Program Risk Process (PRP) Document? - CORRECT ANSWER -·
The program manager (PM) or a dedicated risk manager
Which of the following is the difference between a risk and an issue? - CORRECT
ANSWER -A risk is the potential of occurring; an issue has occurred or is certain to occur.
How many framing assumptions (FAs) should the typical program have? - CORRECT
ANSWER -· About 3-5
, During Technology Maturation and Risk Reduction (TMRR), the goal is to primarily reduce
which types of risk? (Select all that apply.) - CORRECT ANSWER -· Integration
· Technology
· Engineering
You have contracted a university research team to create a new optic lens as a part of your
programs satellite system. Your group has never worked with this team before, and has included
a new potential risk stemming from their development and testing procedures. What type of
analysis could you use to identify and reduce specific risks from their processes? - CORRECT
ANSWER -· Process Risk Analysis
Which of the following is a step of the Department of Defense (DoD) Risk Management
Process? - CORRECT ANSWER -· Mitigation
Your program includes teams in six different locations. These teams need access to different
pieces of risk monitoring data in order to monitor, manage, and report risk. Which of the
following risk monitoring tools would be most appropriate? - CORRECT ANSWER -·
Risk management (RM) information system
Within a program, which of the following entities is responsible for overseeing the management
of risks, opportunities, and issues? - CORRECT ANSWER -· Program manager (PM)
Your program is developing a piece of equipment that requires 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)
You are managing a program for the U.S. Navy to develop a new diving helmet with enhanced
visualization capabilities. The materials engineers inform you that there is a 5% chance that
condensation from breathing may cause the screen to become unreadable, but that an anti-
fogging film may be used if that issue arises during testing. Which risk mitigation technique
should you choose? - CORRECT ANSWER -· Control
