PMT 0170 RISK MANAGEMENT EXAM
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FREQUENTLY TESTED QUESTIONS AND
VERIFIED ANSWERS |GRADED A+ |GET IT
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Why are Monte Carlo simulations used in program schedule analysis? 10.2 -
ANSWER-To find the cumulative effect of multiple risks on total project schedule
duration or total project cost
A shortage of steel has caused a delay in one of the tasks until 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 in tracking and
managing this issue? 15.3 - ANSWER-Adjust the corrective action plan and issue
level as warranted.
Since risks should be closely tied to individual tasks and deliverables, which of the
following should be used as a cross-reference to each risk? 31.1 - ANSWER-Work
Breakdown Structure (WBS) number
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. 7.2 -
ANSWER-Technical
, Which of the following is important for good government/contractor coordination
of risk management (RM)? (Select two that apply.) 6.3 - ANSWER-Not:
Common approaches to addressing risk.
All personnel committing to plan and execute a successful risk management (RM)
program
Which of the following is a critical success factor to ensure effective risk
management (RM)? 4.1 - ANSWER-Program Risk Process (PRP) Document
Which stage of the issue management (IM) process is characterized by the
following scenario: It has been observed that the battery used in the new portable
Doppler-based wind measuring system doesn't maintain a charge for long periods
of time. After some study, it is determined that the issue has only a moderate
effect on the program's success. 15.1 - ANSWER-Not: Issue identification
Which of the following is a step of the Department of Defense (DoD) Risk
Management Process? 3.1 - ANSWER-Mitigation
Which of the following are risk process planning objectives? (Select three that
apply.) 6.1 - ANSWER-Identifies the plan for training Integrated Product Team (IPT)
members in RM techniques
Ensures sound risk management (RM) principles, tools, and techniques are
applied to the risk management program
Identifies and describes the risk management (RM) roles and responsibilities for
all program personnel
LATEST | UPDATE COMPREHENSIVE MOST
FREQUENTLY TESTED QUESTIONS AND
VERIFIED ANSWERS |GRADED A+ |GET IT
100% ACCURATE!!
Why are Monte Carlo simulations used in program schedule analysis? 10.2 -
ANSWER-To find the cumulative effect of multiple risks on total project schedule
duration or total project cost
A shortage of steel has caused a delay in one of the tasks until 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 in tracking and
managing this issue? 15.3 - ANSWER-Adjust the corrective action plan and issue
level as warranted.
Since risks should be closely tied to individual tasks and deliverables, which of the
following should be used as a cross-reference to each risk? 31.1 - ANSWER-Work
Breakdown Structure (WBS) number
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. 7.2 -
ANSWER-Technical
, Which of the following is important for good government/contractor coordination
of risk management (RM)? (Select two that apply.) 6.3 - ANSWER-Not:
Common approaches to addressing risk.
All personnel committing to plan and execute a successful risk management (RM)
program
Which of the following is a critical success factor to ensure effective risk
management (RM)? 4.1 - ANSWER-Program Risk Process (PRP) Document
Which stage of the issue management (IM) process is characterized by the
following scenario: It has been observed that the battery used in the new portable
Doppler-based wind measuring system doesn't maintain a charge for long periods
of time. After some study, it is determined that the issue has only a moderate
effect on the program's success. 15.1 - ANSWER-Not: Issue identification
Which of the following is a step of the Department of Defense (DoD) Risk
Management Process? 3.1 - ANSWER-Mitigation
Which of the following are risk process planning objectives? (Select three that
apply.) 6.1 - ANSWER-Identifies the plan for training Integrated Product Team (IPT)
members in RM techniques
Ensures sound risk management (RM) principles, tools, and techniques are
applied to the risk management program
Identifies and describes the risk management (RM) roles and responsibilities for
all program personnel
