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Exam (elaborations)

PMT 0170 Risk Management Study Guide Exam And Actual Answers.

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  • Course
  • PMT 0170 RISK MANAGEMENT
  • Institution
  • PMT 0170 RISK MANAGEMENT

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 pl...

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  • October 11, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • PMT 0170 RISK MANAGEMENT
  • PMT 0170 RISK MANAGEMENT
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PMT 0170 Risk Management Study
Guide Exam And Actual Answers.
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

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