CLM 017 Risk Management Exam - Questions With
Expert Solutions
What would be the appropriate corrective action for the following issue: A
major water leak has permanently damaged 45% of the servers used to
control the cloud-based network infrastructure. This has been designated a
high issue. Correct Answer - · Control
The following describes which type of category of risk: Two legacy software
systems must be combined into one system in order to operate a new piece of
hardware. Programmers must find a way to ensure that old data records in
each system are still editable. If not, the hardware will not operate correctly.
Correct Answer - · Technical
You are managing a base realignment program to consolidate four bases,
while expanding/modernizing the? surviving? base. As part of that program,
there is a requirement to reduce water run-off by 25% from both bases. You
have heard from a colleague about a new water-permeable concrete that
allows water infiltration at a rapid rate and lasts for up to 10 years. Is this a
risk or an opportunity? Correct Answer - Opportunity
A shortage of steel has caused a delay in one of the tasks until I the material is
available. The original plan estimated the material to be available in 6 weeks,
but the shortage continues. What would be an appropriate step to tracking
and managing this issue? Correct Answer - · Adjust the corrective action
plan and issue level as warranted.
Who may write the Program Risk Process (PRP) Document? Correct
Answer - · The program manager (PM) or a dedicated risk manager
Which of the following is the difference between a risk and an issue?
Correct Answer - A risk is the potential of occurring; an issue has occurred or
is certain to occur.
How many framing assumptions (FAs) should the typical program have?
Correct Answer - · About 3-5
, During Technology Maturation and Risk Reduction (TMRR), the goal is to
primarily reduce which types of risk? (Select all that apply.) Correct Answer
- · Integration
· Technology
· Engineering
You have contracted a university research team to create a new optic lens as a
part of your programs satellite system. Your group has never worked with this
team before, and has included a new potential risk stemming from their
development and testing procedures. What type of analysis could you use to
identify and reduce specific risks from their processes? Correct Answer - ·
Process Risk Analysis
Which of the following is a step of the Department of Defense (DoD) Risk
Management Process? Correct Answer - · Mitigation
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? Correct Answer - · Risk management (RM) information
system
Within a program, which of the following entities is responsible for overseeing
the management of risks, opportunities, and issues? Correct Answer - ·
Program manager (PM)
Your program is developing a piece of equipment that requires a seismograph
to identify and track low ground vibrations within a specific range. You need
to understand how well the design and manufacturing process will be able to
meet the performance goals. Which tool will provide that information?
Correct Answer - · Performance risk analysis (PRA)
You are managing a program for the U.S. Navy to develop a new diving helmet
with enhanced visualization capabilities. The materials engineers inform you
that there is a 5% chance that condensation from breathing may cause the
screen to become unreadable, but that an anti-fogging film may be used if that
issue arises during testing. Which risk mitigation technique should you
choose? Correct Answer - · Control
Expert Solutions
What would be the appropriate corrective action for the following issue: A
major water leak has permanently damaged 45% of the servers used to
control the cloud-based network infrastructure. This has been designated a
high issue. Correct Answer - · Control
The following describes which type of category of risk: Two legacy software
systems must be combined into one system in order to operate a new piece of
hardware. Programmers must find a way to ensure that old data records in
each system are still editable. If not, the hardware will not operate correctly.
Correct Answer - · Technical
You are managing a base realignment program to consolidate four bases,
while expanding/modernizing the? surviving? base. As part of that program,
there is a requirement to reduce water run-off by 25% from both bases. You
have heard from a colleague about a new water-permeable concrete that
allows water infiltration at a rapid rate and lasts for up to 10 years. Is this a
risk or an opportunity? Correct Answer - Opportunity
A shortage of steel has caused a delay in one of the tasks until I the material is
available. The original plan estimated the material to be available in 6 weeks,
but the shortage continues. What would be an appropriate step to tracking
and managing this issue? Correct Answer - · Adjust the corrective action
plan and issue level as warranted.
Who may write the Program Risk Process (PRP) Document? Correct
Answer - · The program manager (PM) or a dedicated risk manager
Which of the following is the difference between a risk and an issue?
Correct Answer - A risk is the potential of occurring; an issue has occurred or
is certain to occur.
How many framing assumptions (FAs) should the typical program have?
Correct Answer - · About 3-5
, During Technology Maturation and Risk Reduction (TMRR), the goal is to
primarily reduce which types of risk? (Select all that apply.) Correct Answer
- · Integration
· Technology
· Engineering
You have contracted a university research team to create a new optic lens as a
part of your programs satellite system. Your group has never worked with this
team before, and has included a new potential risk stemming from their
development and testing procedures. What type of analysis could you use to
identify and reduce specific risks from their processes? Correct Answer - ·
Process Risk Analysis
Which of the following is a step of the Department of Defense (DoD) Risk
Management Process? Correct Answer - · Mitigation
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? Correct Answer - · Risk management (RM) information
system
Within a program, which of the following entities is responsible for overseeing
the management of risks, opportunities, and issues? Correct Answer - ·
Program manager (PM)
Your program is developing a piece of equipment that requires a seismograph
to identify and track low ground vibrations within a specific range. You need
to understand how well the design and manufacturing process will be able to
meet the performance goals. Which tool will provide that information?
Correct Answer - · Performance risk analysis (PRA)
You are managing a program for the U.S. Navy to develop a new diving helmet
with enhanced visualization capabilities. The materials engineers inform you
that there is a 5% chance that condensation from breathing may cause the
screen to become unreadable, but that an anti-fogging film may be used if that
issue arises during testing. Which risk mitigation technique should you
choose? Correct Answer - · Control
