PMT 0170 Risk Management
Which of the following is important for good government/contractor coordination of risk management (RM)? (Select two that apply.) 6.3
Not: Common approaches to addressing risk. All personnel committing to plan and execute a successful risk management (RM) program
During the Material Solution Analysis (MSA) phase, proactive activities to prevent technical risks focus on which of the following? 16.2
not: Prototyping validation
Which of the following is the difference between a risk and an issue? 2.1
A risk is the potential of occurring; an issue has occurred or is certain to occur.
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
Adjust the corrective action plan and issue level as warranted.
Which of the following are Management Level responsibilities during the risk management (RM) process? (Select two that apply.) 6.5
Approve risk closure for IPT-level risks and notify the program RMB for closure. Reviews risks affecting and owned by multiple IPTs.
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 techniques should you choose? (Select two that apply.) 11.1
Control Acceptance
Your large program team is spread across 1,000 miles and two time zones. Which method would be beneficial for collecting a large amount of risk-related data in a short time? 7.1
Crawford Slip Method
The following describes which source of potential risk: The software programming team is supposed to begin work in two weeks. The office housing this team must be set up with furniture and computers installed by the time the team arrives. The computers are on order and have not yet arrived. Furniture is being sought at an exes property warehouse, but it is not certain that the sufficient furniture will be available. 8.1
External
Which of the following are risk process planning objectives? (Select three that apply.) 6.1
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
A Monte Carlo simulation has indicated a 45% chance that the prototype development tasks of a new high-tech Navy diver's helmet will result in a 4-month delay to the program schedule. Based on the likelihood and consequence table, which of the following represents the appropriate location on the risk matrix? 9.1
L = 3; C = 4
You are managing the implementation of an aircraft for the Marines that was originally designed for and implemented by the Navy. What type of analysis would help you identify potential risks to your program? 10.1
Lessons learned
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 two that apply.) 16.1
Manufacturing Supply Chain
Which of the following is a step of the Department of Defense (DoD) Risk Management Process? 3.1
Mitigation
Which of the following are attributes of a framing assumption (FA) in an acquisition program? (Select two that apply.)
No "work-arounds" Program-specific
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
Not: Issue identification
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? 14.2
Opportunity
Which of the following is not a component of opportunity management (OM)? 14.1
Priority
Based on the results of a simulation, there is a 70% chance that a 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? 10.3
Probability 4; Schedule Impact 2
Which of the following is a critical success factor to ensure effective risk management (RM)? 4.1
Program Risk Process (PRP) Document
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? 12.1
Risk Management (RM) information systems
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? 6.2
Risk Management Board (RMB)
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
Technical
Which of the following is a good example of a framing assumption (FA)? 5.2
The ballistic missile program will achieve Initial Operational Capability (IOC) in time to use the systems procured by this program.
Who may write the Program Risk Process (PRP) Document? 6.4
The program manager (PM) or a dedicated risk manager
Why are Monte Carlo simulations used in program schedule analysis? 10.2
To find the cumulative effect of multiple risks on total project schedule duration or total project cost
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
Work Breakdown Structure (WBS) number
