PMT 0170 RISK MANAGEMENT EXAM 300 ACTUAL
QUESTIONS AND CORRECT ANSWER WITH
RATIONALE LATEST UPDATE ALREADY GRADED A+
The PMT 0170 Risk Management exam is the Defense Acquisition University
(DAU) assessment for the course on managing program uncertainties. It tests
proficiency in the DoD Risk Management Process, covering identification,
analysis, mitigation, and monitoring of threats and opportunities. Candidates must
understand roles like Risk Owners and the Risk Management Board, and tools such
as Monte Carlo simulations and risk matrices. The exam emphasizes differentiating
between risks (future events) and issues (current problems), applying strategies like
avoid, transfer, or accept, and integrating risk planning across all acquisition
lifecycle phases. A passing score of 80% is required for certification credit.
Section 1: The DoD Risk Management Process
1. Which of the following is a step of the Department of Defense (DoD) Risk
Management Process?
A) Registration
B) Sourcing
C) Mitigation
D) Tracking
Answer: C
Rationale: The DoD Risk Management Process consists of several key steps, and
mitigation is one of them. The other options, registration, sourcing, and tracking,
are not the correct terminology for the official DoD process steps as outlined in
course materials.
2. What is the primary purpose of the DoD Risk Management Process?
A) To eliminate all program risks
B) To identify, analyze, and manage risks throughout a program's lifecycle
C) To ensure all projects are completed on time
,D) To reduce the program budget
Answer: B
Rationale: The overarching purpose of the DoD Risk Management Process is to
provide a structured approach for identifying, analyzing, and managing risks that
could impact a program's success. Its goal is informed decision-making, not the
complete elimination of all risks, which is impossible.
3. In the DoD Risk Management Process, what is the first step after risk
identification?
A) Mitigation
B) Analysis
C) Monitoring
D) Planning
Answer: B
Rationale: After risks are identified, the next logical step in the process is to
analyze them. Analysis helps to understand the nature of the risk, its potential
causes, and its likely impact, which is essential before determining mitigation
strategies.
4. Which of the following best describes the "Monitoring" step in the DoD Risk
Management Process?
A) Identifying new potential risks
B) Implementing the chosen mitigation plan
C) Tracking the status of risks and the effectiveness of mitigation efforts
D) Determining the probability and impact of a risk
Answer: C
Rationale: Monitoring is an ongoing activity that involves tracking identified risks,
assessing the effectiveness of mitigation plans, and watching for new risks. It
ensures that the risk management process remains dynamic and responsive to
change.
5. Risk process planning is a critical step that occurs before other risk management
activities. What is its main objective?
A) To finalize the program budget
B) To ensure sound risk management principles, tools, and techniques are applied
C) To select the program manager
D) To identify all potential risks
Answer: B
,Rationale: Risk process planning is a foundational activity. Its main objective is to
establish a plan for how risk management will be conducted, ensuring that the right
principles, tools, and techniques are applied throughout the program.
6. Risk identification in the DoD process is best described as:
A) A one-time event at the start of the program
B) An ongoing and iterative process
C) Only conducted by the program manager
D) Focused solely on technical risks
Answer: B
Rationale: Risk identification is not a single event but a continuous process that
should be performed throughout the program's lifecycle. As the program evolves,
new risks can emerge, and existing risks can change.
7. What is a key output of the risk analysis step?
A) A list of mitigation strategies
B) A prioritized list of risks based on their probability and impact
C) A finalized program schedule
D) The program's budget
Answer: B
Rationale: The primary output of risk analysis is a prioritized list of risks. By
assessing each risk's probability of occurrence and potential impact, the program
team can focus its attention and resources on the most critical threats.
8. The step of "Risk Mitigation" in the DoD process involves:
A) Accepting the risk without any action
B) Developing and implementing strategies to reduce the probability or impact of a
risk
C) Documenting the risk for future reference
D) Transferring the risk to another team
Answer: B
Rationale: Risk mitigation is the action-oriented step where the program team
develops and executes plans to address identified risks. The goal is to lower the
risk's probability of occurring or minimize its potential consequences.
9. Which step of the DoD Risk Management Process involves tracking the status of
risks and the effectiveness of mitigation actions?
A) Risk Identification
B) Risk Analysis
C) Risk Mitigation
, D) Risk Monitoring
Answer: D
Rationale: Risk monitoring is the continuous oversight of risks. This includes
tracking their status, evaluating the progress of mitigation plans, and identifying
any new risks that may arise. It ensures the risk management plan stays relevant.
10. Risk communication is an integral part of the DoD Risk Management Process.
Why is it important?
A) It ensures everyone is aware of the risks and the plan to manage them
B) It is a mandatory reporting requirement
C) It replaces the need for a formal risk management plan
D) It is only important for high-level stakeholders
Answer: A
Rationale: Effective communication ensures that all stakeholders, from the
program team to senior leadership, have a shared understanding of the risks facing
the program and the strategies in place to manage them. This fosters collaboration
and informed decision-making.
Section 2: Risk Categories and Sources
11. The following describes which type of category of risk: Certification for a new
weapons system is scheduled for January. To conduct a meaningful test,
temperatures must be below freezing. If the temperature is too warm, the test
cannot be conducted.
A) Technical
B) Business
C) Programmatic
D) Schedule
Answer: B
Rationale: This is a business risk. The risk is not about the technology failing, but
about an external environmental factor (temperature) preventing a critical test from
occurring on schedule, which directly impacts the program's business case and
schedule.
12. Which of the following is a typical source of risk in a defense acquisition
program?
A) A well-defined and stable set of requirements
B) The use of mature, proven technologies
C) Interdependencies with other programs
D) An experienced and stable workforce
QUESTIONS AND CORRECT ANSWER WITH
RATIONALE LATEST UPDATE ALREADY GRADED A+
The PMT 0170 Risk Management exam is the Defense Acquisition University
(DAU) assessment for the course on managing program uncertainties. It tests
proficiency in the DoD Risk Management Process, covering identification,
analysis, mitigation, and monitoring of threats and opportunities. Candidates must
understand roles like Risk Owners and the Risk Management Board, and tools such
as Monte Carlo simulations and risk matrices. The exam emphasizes differentiating
between risks (future events) and issues (current problems), applying strategies like
avoid, transfer, or accept, and integrating risk planning across all acquisition
lifecycle phases. A passing score of 80% is required for certification credit.
Section 1: The DoD Risk Management Process
1. Which of the following is a step of the Department of Defense (DoD) Risk
Management Process?
A) Registration
B) Sourcing
C) Mitigation
D) Tracking
Answer: C
Rationale: The DoD Risk Management Process consists of several key steps, and
mitigation is one of them. The other options, registration, sourcing, and tracking,
are not the correct terminology for the official DoD process steps as outlined in
course materials.
2. What is the primary purpose of the DoD Risk Management Process?
A) To eliminate all program risks
B) To identify, analyze, and manage risks throughout a program's lifecycle
C) To ensure all projects are completed on time
,D) To reduce the program budget
Answer: B
Rationale: The overarching purpose of the DoD Risk Management Process is to
provide a structured approach for identifying, analyzing, and managing risks that
could impact a program's success. Its goal is informed decision-making, not the
complete elimination of all risks, which is impossible.
3. In the DoD Risk Management Process, what is the first step after risk
identification?
A) Mitigation
B) Analysis
C) Monitoring
D) Planning
Answer: B
Rationale: After risks are identified, the next logical step in the process is to
analyze them. Analysis helps to understand the nature of the risk, its potential
causes, and its likely impact, which is essential before determining mitigation
strategies.
4. Which of the following best describes the "Monitoring" step in the DoD Risk
Management Process?
A) Identifying new potential risks
B) Implementing the chosen mitigation plan
C) Tracking the status of risks and the effectiveness of mitigation efforts
D) Determining the probability and impact of a risk
Answer: C
Rationale: Monitoring is an ongoing activity that involves tracking identified risks,
assessing the effectiveness of mitigation plans, and watching for new risks. It
ensures that the risk management process remains dynamic and responsive to
change.
5. Risk process planning is a critical step that occurs before other risk management
activities. What is its main objective?
A) To finalize the program budget
B) To ensure sound risk management principles, tools, and techniques are applied
C) To select the program manager
D) To identify all potential risks
Answer: B
,Rationale: Risk process planning is a foundational activity. Its main objective is to
establish a plan for how risk management will be conducted, ensuring that the right
principles, tools, and techniques are applied throughout the program.
6. Risk identification in the DoD process is best described as:
A) A one-time event at the start of the program
B) An ongoing and iterative process
C) Only conducted by the program manager
D) Focused solely on technical risks
Answer: B
Rationale: Risk identification is not a single event but a continuous process that
should be performed throughout the program's lifecycle. As the program evolves,
new risks can emerge, and existing risks can change.
7. What is a key output of the risk analysis step?
A) A list of mitigation strategies
B) A prioritized list of risks based on their probability and impact
C) A finalized program schedule
D) The program's budget
Answer: B
Rationale: The primary output of risk analysis is a prioritized list of risks. By
assessing each risk's probability of occurrence and potential impact, the program
team can focus its attention and resources on the most critical threats.
8. The step of "Risk Mitigation" in the DoD process involves:
A) Accepting the risk without any action
B) Developing and implementing strategies to reduce the probability or impact of a
risk
C) Documenting the risk for future reference
D) Transferring the risk to another team
Answer: B
Rationale: Risk mitigation is the action-oriented step where the program team
develops and executes plans to address identified risks. The goal is to lower the
risk's probability of occurring or minimize its potential consequences.
9. Which step of the DoD Risk Management Process involves tracking the status of
risks and the effectiveness of mitigation actions?
A) Risk Identification
B) Risk Analysis
C) Risk Mitigation
, D) Risk Monitoring
Answer: D
Rationale: Risk monitoring is the continuous oversight of risks. This includes
tracking their status, evaluating the progress of mitigation plans, and identifying
any new risks that may arise. It ensures the risk management plan stays relevant.
10. Risk communication is an integral part of the DoD Risk Management Process.
Why is it important?
A) It ensures everyone is aware of the risks and the plan to manage them
B) It is a mandatory reporting requirement
C) It replaces the need for a formal risk management plan
D) It is only important for high-level stakeholders
Answer: A
Rationale: Effective communication ensures that all stakeholders, from the
program team to senior leadership, have a shared understanding of the risks facing
the program and the strategies in place to manage them. This fosters collaboration
and informed decision-making.
Section 2: Risk Categories and Sources
11. The following describes which type of category of risk: Certification for a new
weapons system is scheduled for January. To conduct a meaningful test,
temperatures must be below freezing. If the temperature is too warm, the test
cannot be conducted.
A) Technical
B) Business
C) Programmatic
D) Schedule
Answer: B
Rationale: This is a business risk. The risk is not about the technology failing, but
about an external environmental factor (temperature) preventing a critical test from
occurring on schedule, which directly impacts the program's business case and
schedule.
12. Which of the following is a typical source of risk in a defense acquisition
program?
A) A well-defined and stable set of requirements
B) The use of mature, proven technologies
C) Interdependencies with other programs
D) An experienced and stable workforce
