QUESTIONS WITH ANSWERS GRADED A+
◉ Which of the following is a critical success factor to ensure effective
risk management (RM)? Answer: -Researching best practices
-Assembling the most qualified personnel for the team
-Establishing priority risk categories
-*Program Risk Process (PRP) Document*
◉ 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. Answer: -Technical
-*Business*
-Programmatic
◉ Which of the following are the components of opportunity
management (OM)? Answer: -Probability, cost, future root cause
-Likelihood, level, consequence
-Level, priority, benefit
-*Future root cause, probability, benefit*
, ◉ Within a program, which of the following entities is responsible for
ensuring the risk management (RM) process is executed according to the
Program Risk Process (PRP) Document? Answer: -Risk Owner
-Risk Working Group
-*Risk Management Board (RMB)*
-Program Executive Officer (PEO)
◉ During the Materiel Solution Analysis (MSA) phase, it is important to
assess risks to achieve exit criteria for which review? Answer: -
*Alternative System Review (ASR)*
-System Functional Review (SFR)
-Preliminary Design Review (PDR)
-System Requirements Review (SRR)
◉ 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