©FYNDLAY 2025 ALL RIGHTS RESERVED 11:49 AM A+
CLM 017 Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
Why is it important to collaborate with contractors on risk management (RM)? - Answer✔Most
issues begin with the contractor, so it is essential for the government to prevent risks (NOT)
Which of the following are typical sources of framing assumptions (FAs)? (Select all that apply.)
- Answer✔-Technological and engineering challenges
-Interdependencies with other programs
-Cost, schedule, and requirements tradeoffs
During which phase should you be building and maintaining robust stakeholder relationships
and ensuring horizontal and vertical communications? - Answer✔MSA, TMRR, EMD
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✔Transfer
Which of the following is a responsibility of the Integrated Product Team (IPT) during the risk
management (RM) process? - Answer✔Coordinate RM efforts for risks affecting multiple IPTs.
What is the main differences between a risk and an opportunity? - Answer✔Risks have a
negative consequence, while opportunities requires creating additional tasks.
1|Page
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 11:49 AM A+
A Monte Carlo simulation reports a 75% chance that the prototyping tasks associated with a
new Doppler-based wind measuring technology will be delayed 17 business days due to supply
shortages of two key pieces of equipment. Based on the likelihood and consequence table,
which of the following represents the appropriate location on the risk matrix? - Answer✔L = 4;
C=2
During Technology Maturation and Risk Reduction (TMRR), the goal is to primarily reduce which
types of risk? (Select all that apply.) - Answer✔-Technology
-Integration
-Engineering
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? - Answer✔Probability 4; Schedule Impact 2
Which of the following is the difference between a risk and an issue? - Answer✔A risk is the
potential of occurring; and issue has occurred or is certain to occur.
Which of the following is a critical success factor to ensure effective risk management (RM)? -
Answer✔-Program Risk Process (PRP) Document
Who may write the Program Risk Process (PRP) Document? - Answer✔The program manager
(PM) or a dedicated risk manager
The following describes which type of category of risk: Certification for a new weapons system
is scheduled for January. The test is dependent on temperatures below freezing. If the
temperature is too warm, the system cannot be certified. - Answer✔Business
Your program is developing a piece of equipment that require a seismograph to identify and
track low ground vibrations within a specific range. You need to understand how well the
2|Page
CLM 017 Exam Questions And Answers
|Latest 2025 | Guaranteed Pass
Why is it important to collaborate with contractors on risk management (RM)? - Answer✔Most
issues begin with the contractor, so it is essential for the government to prevent risks (NOT)
Which of the following are typical sources of framing assumptions (FAs)? (Select all that apply.)
- Answer✔-Technological and engineering challenges
-Interdependencies with other programs
-Cost, schedule, and requirements tradeoffs
During which phase should you be building and maintaining robust stakeholder relationships
and ensuring horizontal and vertical communications? - Answer✔MSA, TMRR, EMD
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✔Transfer
Which of the following is a responsibility of the Integrated Product Team (IPT) during the risk
management (RM) process? - Answer✔Coordinate RM efforts for risks affecting multiple IPTs.
What is the main differences between a risk and an opportunity? - Answer✔Risks have a
negative consequence, while opportunities requires creating additional tasks.
1|Page
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 11:49 AM A+
A Monte Carlo simulation reports a 75% chance that the prototyping tasks associated with a
new Doppler-based wind measuring technology will be delayed 17 business days due to supply
shortages of two key pieces of equipment. Based on the likelihood and consequence table,
which of the following represents the appropriate location on the risk matrix? - Answer✔L = 4;
C=2
During Technology Maturation and Risk Reduction (TMRR), the goal is to primarily reduce which
types of risk? (Select all that apply.) - Answer✔-Technology
-Integration
-Engineering
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? - Answer✔Probability 4; Schedule Impact 2
Which of the following is the difference between a risk and an issue? - Answer✔A risk is the
potential of occurring; and issue has occurred or is certain to occur.
Which of the following is a critical success factor to ensure effective risk management (RM)? -
Answer✔-Program Risk Process (PRP) Document
Who may write the Program Risk Process (PRP) Document? - Answer✔The program manager
(PM) or a dedicated risk manager
The following describes which type of category of risk: Certification for a new weapons system
is scheduled for January. The test is dependent on temperatures below freezing. If the
temperature is too warm, the system cannot be certified. - Answer✔Business
Your program is developing a piece of equipment that require a seismograph to identify and
track low ground vibrations within a specific range. You need to understand how well the
2|Page
