PMT 0170 RISK MANAGEMENT 2 2026
PRACTICE QUESTIONS AND ANSWERS TOP
REVIEW A+
◉ Which of the following are the components of opportunity
management (OM)? Answer: -Likelihood, level, consequence
-Level, priority, benefit
-*Future root cause, probability, benefit*
-Probability, cost, future root cause
◉ During Engineering and Manufacturing Development (EMD), risks
should be identified related to critical manufacturing process and
key product characteristics in which of the following risk areas?
(Select all that apply.) Answer: -Cost/Funding
-Threat
-*Manufacturing*
-*Supply Chain*
◉ Based on the results of a simulation, there is a 50% chance that
the project will end three weeks behind schedule. Using the table
provided, what would the cumulative schedule risk be, based on a
three-week schedule delay?
Level Probability of Occurrence Schedule Impact
, 1 0% to 19% 0 to 5 days
2 20% to 39% 6 to 12 days
3 40% to 59% 13 to 19 days
4 60% to 79% 20 to 28 days
5 80% to 100% 29 to 35 days Answer: -Probability 5; Schedule
Impact 2
-Probability 2; Schedule Impact 2
-*Probability 3; Schedule Impact 4*
-Probability 3; Schedule Impact 2
◉ You are reporting on the status of key risks to date at a progress
meeting. Which of the following tools provides a visual display of the
progress made to reduce key risks? Answer: -Risk information
management system
-(NOT THIS ONE)Earned value analysis
-*Waterfall effect*
-Risk identification template
◉ What would be the appropriate corrective action for the following
issue: One of the orders for materials is going to run 75% over
budget because the order will have to be shipped by air to meet
schedule requirements. The budgeting team may be able to find
funds from other sources. Answer: -Ignore
-Control
PRACTICE QUESTIONS AND ANSWERS TOP
REVIEW A+
◉ Which of the following are the components of opportunity
management (OM)? Answer: -Likelihood, level, consequence
-Level, priority, benefit
-*Future root cause, probability, benefit*
-Probability, cost, future root cause
◉ During Engineering and Manufacturing Development (EMD), risks
should be identified related to critical manufacturing process and
key product characteristics in which of the following risk areas?
(Select all that apply.) Answer: -Cost/Funding
-Threat
-*Manufacturing*
-*Supply Chain*
◉ Based on the results of a simulation, there is a 50% chance that
the project will end three weeks behind schedule. Using the table
provided, what would the cumulative schedule risk be, based on a
three-week schedule delay?
Level Probability of Occurrence Schedule Impact
, 1 0% to 19% 0 to 5 days
2 20% to 39% 6 to 12 days
3 40% to 59% 13 to 19 days
4 60% to 79% 20 to 28 days
5 80% to 100% 29 to 35 days Answer: -Probability 5; Schedule
Impact 2
-Probability 2; Schedule Impact 2
-*Probability 3; Schedule Impact 4*
-Probability 3; Schedule Impact 2
◉ You are reporting on the status of key risks to date at a progress
meeting. Which of the following tools provides a visual display of the
progress made to reduce key risks? Answer: -Risk information
management system
-(NOT THIS ONE)Earned value analysis
-*Waterfall effect*
-Risk identification template
◉ What would be the appropriate corrective action for the following
issue: One of the orders for materials is going to run 75% over
budget because the order will have to be shipped by air to meet
schedule requirements. The budgeting team may be able to find
funds from other sources. Answer: -Ignore
-Control
