PMT 0170 RISK MANAGEMENT EXAM 3 2026
PRACTICE QUESTIONS AND ANSWERS TOP
REVIEW A+
◉ Monte Carlo simulations use computational algorithms to
simulate the behavior of various systems in a nondeterministic
manner. Why are these "nondeterministic" results important to
program schedule analysis? Answer: -Because the results show the
average length of the tasks needed to complete the program for the
PM to use when building the schedule
-Because the results show a clear path to project completion for the
program manager (PM) to follow
-Because it means there is no way to tell which way is the correct
way to run the program
-*Because there are one or more points in the simulation where a
choice is made between different paths, without any specific
guidance on which one will be chosen*
◉ 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? Answer: -Risk
Management (RM) information systems
-Risk reporting matrix (WRONG ANSWER)
-Technical performance measurements (TPMs)
, -Waterfall effect
◉ 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?
Level Probability of Occurrence Schedule Impact
1 0% to 19% 0 to 7 days
2 20% to 39% 8 to 14 days
3 40% to 59% 15 to 21 days
4 60% to 79% 22 to 28 days
5 80% to 100% 29 to 35 days Answer: -Probability 4; Schedule
Impact 4
-Probability 2; Schedule Impact 2
-Probability 2; Schedule Impact 4
-*Probability 4; Schedule Impact 2*
◉ Which of the following are typical sources of framing assumptions
(FAs)? (Select three that apply.) Answer: -*Technological and
engineering challenges*
-*Interdependencies with other programs*
-New acquisition regulations
PRACTICE QUESTIONS AND ANSWERS TOP
REVIEW A+
◉ Monte Carlo simulations use computational algorithms to
simulate the behavior of various systems in a nondeterministic
manner. Why are these "nondeterministic" results important to
program schedule analysis? Answer: -Because the results show the
average length of the tasks needed to complete the program for the
PM to use when building the schedule
-Because the results show a clear path to project completion for the
program manager (PM) to follow
-Because it means there is no way to tell which way is the correct
way to run the program
-*Because there are one or more points in the simulation where a
choice is made between different paths, without any specific
guidance on which one will be chosen*
◉ 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? Answer: -Risk
Management (RM) information systems
-Risk reporting matrix (WRONG ANSWER)
-Technical performance measurements (TPMs)
, -Waterfall effect
◉ 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?
Level Probability of Occurrence Schedule Impact
1 0% to 19% 0 to 7 days
2 20% to 39% 8 to 14 days
3 40% to 59% 15 to 21 days
4 60% to 79% 22 to 28 days
5 80% to 100% 29 to 35 days Answer: -Probability 4; Schedule
Impact 4
-Probability 2; Schedule Impact 2
-Probability 2; Schedule Impact 4
-*Probability 4; Schedule Impact 2*
◉ Which of the following are typical sources of framing assumptions
(FAs)? (Select three that apply.) Answer: -*Technological and
engineering challenges*
-*Interdependencies with other programs*
-New acquisition regulations
