PMT 0170 Risk Management Exam Questions & Answers 2023/2024
Which of the following is a step of the Department of Defense (DoD) Risk Management Process? - ANSWER--Registration
-Sourcing
-*Mitigation*
-Tracking
Which of the following is a critical success factor to ensure effective risk man...
PMT 0170 Risk Management Exam
Questions & Answers 2023/2024
Which of the following is a step of the Department of Defense (DoD) Risk Management Process? -
ANSWER--Registration
-Sourcing
-*Mitigation*
-Tracking
Which of the following is a critical success factor to ensure effective risk management (RM)? - ANSWER--
Researching best practices
-Assembling the most qualified personnel for the team
-Establishing priority risk categories
-*Program Risk Process (PRP) Document*
The following describes which type of category of risk: Certification for a new weapons system is
scheduled for January. To conduct a meaningful test, temperatures must be below freezing. If the
temperature is too warm, the test cannot be conducted. - ANSWER--Technical
-*Business*
-Programmatic
Which of the following are the components of opportunity management (OM)? - ANSWER--Probability,
cost, future root cause
-Likelihood, level, consequence
-Level, priority, benefit
-*Future root cause, probability, benefit*
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? - ANSWER--Risk Owner
-Risk Working Group
, -*Risk Management Board (RMB)*
-Program Executive Officer (PEO)
During the Materiel Solution Analysis (MSA) phase, it is important to assess risks to achieve exit criteria
for which review? - ANSWER--*Alternative System Review (ASR)*
-System Functional Review (SFR)
-Preliminary Design Review (PDR)
-System Requirements Review (SRR)
Monte Carlo simulations use computational algorithms to simulate the behavior of various systems in a
nondeterministic manner. Why are these "nondeterministic" results important to program schedule
analysis? - ANSWER--Because the results show the average length of the tasks needed to complete the
program for the PM to use when building the schedule
-Because the results show a clear path to project completion for the program manager (PM) to follow
-Because it means there is no way to tell which way is the correct way to run the program
-*Because there are one or more points in the simulation where a choice is made between different
paths, without any specific guidance on which one will be chosen*
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? - ANSWER--Risk Management (RM) information systems
-Risk reporting matrix (WRONG ANSWER)
-Technical performance measurements (TPMs)
-Waterfall effect
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?
Level Probability of Occurrence Schedule Impact
1 0% to 19% 0 to 7 days
2 20% to 39% 8 to 14 days
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