Contains 27 Questions (Attempt=1/3)
Module 2 Exam
1) Which phase of the acquisition lifecycle would use proactive risk management
activities to address risk associated with new requirements, follow-on increments, or
...
Contains 27 Questions (Attempt=1/3)
Module 2 Exam
1) Which phase of the acquisition lifecycle would use proactive risk management
activities to address risk associated with new requirements, follow-on increments, or
deferred activities?
Technology Maturation and Risk Reduction (TMRR)
Engineering and Manufacturing Development (EMD)
Materiel Solution Analysis (MSA)
Production and Deployment (P&D)
2) Which stage of the issue management (IM) process is characterized by the following
scenario: After a higher-grade sealant was used to stop a screen fogging issue, the issue
status was updated on the issue register, and will be tracked until the screen passes testing.
2.18 pg. 70 of 82
Issue analysis
Issue planning
Issue monitoring
Issue corrective action
3) How should the government mitigate risk to ensure the most successful outcome?
2.6 pg. 29 of 57
Manage the most critical risks and have the contractor manage less critical risks.
Assume most risk responsibilities, rather than transferring to the contractor.
Transfer all or most risk responsibilities to the contractor.
Share risk responsibilities with the contractor.
4) Your program, which has never managed more than two projects at a time, is
1
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scheduled to kick off five projects within a two-week period. This will require more rigid
organizational, communication, and management skills to ensure success moving forward.
Which of the following best describes this situation?
It is neither risk nor opportunity.
Need more information to determine if it is a risk or an opportunity.
It is only a risk.
It is only an opportunity.
5) The validity of a framing assumption (FA) is monitored by tracking which of the
following? 2.5 pg. 7 of 27
The number of risks and issues over the life of the program
The degree to which unexpected risks and issues surface during Milestone (MS) B
Metrics, expectations, and implications during execution
The number of high level risks identified
6) Your expansion program for a base in a foreign territory has been periodically delayed
due to protestors blocking the streets to prevent construction vehicles from entering the
base. Based on the situation, a corrective action plan is in place, but construction is now at
a standstill. What would be the most appropriate step to manage and track this issue? 2.18
pg. 73 of 82
Feed the information into future process steps.
Review the issue level and adjust the corrective action plan.
Monitor the issue to collect only estimated cost information.
Update the issue infrequently at informal meetings.
7) The following describes which type of category of risk: In an effort to stem
cyberattacks aimed at Navy fighter jet communications and other essential systems, a new
program is launched to reengineer the system integration to improve overall system
security. If the initial reprogramming adjustments do not pass testing, the communication
system will require a complete reprogramming effort, requiring an additional 1½ years to
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the schedule. 2.7 pg. 40 of 57
Business
Technical
Programmatic
8) The following describes which source of potential risk: The program development
team uses an intranet to exchange documents between multiple centers. The Information
Technology (IT) team reported that the system has received over 7,000 attempted security
break-ins in the last two weeks alone. 2.8 pg. 21 of 48
Requirements
Security
External Factors
Management
9) Based on the results of a simulation, there is an 80% chance that the project will end
one week behind schedule. Using the table provided, what would the cumulative schedule
risk be, based on a one calendar week schedule delay? 2.9 pg. 11 of 59/
Level Probability of Occurrence Schedule Impact
1 0% to 19% 0 to 5 days
2 20% to 39% 6 to 10 days
3 40% to 59% 11 to 15 days
4 60% to 79% 16 to 20 days
5 80% to 100% 21 to 25 days
Probability 2; Schedule Impact 5
Probability 5; Schedule Impact 2
Probability 5; Schedule Impact 5
Probability 2; Schedule Impact 2
10) Which of the following is the main difference between an opportunity and an issue?
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2.14 clear as mud, answer deck is misleading, risk is never this complicated but the acquisition
community makes it complicated. I cannot believe we pay people 100k a year to do this.
Issues are resolved through resource reallocations; opportunities can only be addressed
through innovation.
Issues cannot be managed with as much precision as opportunities.
Issues can only have a negative impact on a project.
Issues can be analyzed and tracked; opportunities cannot.
11) Your government program team is developing a new underwater helmet equipped
with enhanced visualization technology. Condensation issues threaten the visibility of the
screen and your team does not have the means to deal with the risk. You contract with a
separate group of industry materials and mechanical engineers since they can better
address that specific risk and offer a set of solutions back to you as you monitor their
progress.
This is an example of which mitigation strategy?
2.11 pg. 28 of 75
Avoidance
Transfer
Control
Acceptance
12) At the working level, which of the following is a responsibility of the Integrated
Product Team (IPT) during the risk management (RM) process? 2.6 pg. 19 of 57
Review and validate identified program-level risks.
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Determine whether new or updated risk analyses and mitigation plans are adequate.
Identify and submit candidate risks while supporting execution of the RM process.
Identify the need for RM training for IPT personnel.
13) When should the Program Risk Process (PRP) Document be written?
2.6 pg. 34 of 57
Within the first 90 days following the kick-off meeting.
Before the Request for Proposal (RFP) is issued.
Before reaching the first milestone.
As soon as possible when starting a new project.
14) Your team is analyzing cost and schedule data performance to a baseline plan. Which
monitoring tool would be most appropriate? 2.12 pg. 61 of 64
Risk information form
Management indicator system
Earned value analysis
Technical performance measurements (TPMs)
15) Which step of the Department of Defense (DoD) Risk Management Process provides
an estimate of each risk’s likelihood and consequence? 2.3 pg. 6 of 14
Monitoring
Analysis
Mitigation
Identification
16) What would be the appropriate corrective action for the following issue: As part of
your program, a major training exercise is scheduled to take place that includes the use of
handheld radios to monitor the exercise itself. Five months before the training exercise,
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planners discover strong interference signals in the training area that prevent the radios
from operating effectively. They looked at eliminating the risk by taking an alternate
approach to replace the current radios and use different radios that achieve the same
desired effect.
Ignore
Control
Avoid
Transfer
17) During the Technology Maturation and Risk Reduction (TMRR) phase, the goal is to
primarily reduce types of risk, including life cycle costs, engineering and which of the
following?
Management
Integration
Design
Security
18) What type of information can be gathered from a cost risk analysis (CRA)?
2.13 pg. 47 of 51
A summary of the final costs for the program at completion of the program's life cycle
A list of cost overruns to date and indications of where cost savings can be made in future
tasks
Early estimations of cost overruns and the ability of the system to achieve the program’s
life cycle cost objectives
A summary of cost trends derived from similar programs and an indicator of how those
may translate into cost risks in the current program
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19) Opportunities are which of the following?
2.18 pg. 4 of 82
All future positive events in a program achieved by successful early design, planning, and
coordination among program stakeholders
Any future potential events that could affect the success of a program, usually identified
through quantified cost and schedule analyses
Future benefits to a program's cost, schedule, and/or performance baseline, usually
achieved through reallocation of resources
Any future effects to a program's cost, schedule, and/or performance, usually achieved
through adjustments to design and/or technical specifications
20) Which of the following is an objective of risk process planning?
2.18 pg. 16 of 82
Answers only the question "why are these tools used to execute the RM process?"
Ensures sound Earned Value Management (EVM) principles, tools, and techniques are
applied to the RM program
Describes the roles and responsibilities of all program personnel
Ensures sound risk management (RM) principles, tools, and techniques are applied to the
RM program
21) Within a program at the management level, which of the following entities reviews the
risks owned by the Integrated Product Teams (IPTs)?
2.6 pg. 10 of 26
Program manager (PM)
Risk Owner
Program Risk Management Board (RMB) it’s a trick
IPT Risk Management Board (RMB)
22) Which type of risk analysis has the highest chance of injecting bias into the risk
identification process?
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2.10 pg. 56 of 75
Lessons learned
Delphi Technique
Product Work Breakdown Structure (WBS) risk analysis
Expert interviews
23) It has been reported that fiscal policy changes may result in a 10% reduction (about
$150,000) in funding for your program in the coming fiscal year. Your team estimates that
there is a 40% chance that this reduction will be realized. Based on the likelihood and
consequence table, what are the appropriate likelihood (L) and consequence (C) values?
Level Probability of
Occurrence
>1% to ¡Ü20% Schedule Impact
Minimal or no schedule impact ( <5 days) Cost Impact
<$20,000 1
2 >20% to ¡Ü40% Able to meet key dates (1 - 4 weeks) $20,000 -
<$100,000
3 >40% to ¡Ü60% Minor schedule slip, able to meet key
milestones (¡Ý4 weeks - 3 months)
$100,000 -
<$150,000
4 >60% to ¡Ü80% Significantly impacts ability to meet key
milestones (¡Ý3 months - 4 months)
$150,000 -
<$200,000
5 >80% to ¡Ü99% Schedule slip requires major schedule
rebaselining (>4 months) ¡Ý$200,000
L = 3; C = 3
L = 4; C = 4
L = 2; C = 5
L = 2; C = 4
24) Which of the following is presented with the resultant histogram of Monte Carlo
simulations? WTF?
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Mean, or average, completion date of the project
Final delivery dates for each task of the project
Task durations for a specific part of the project based on comparisons with similar
systems
Final costs based on the completion date of the project
25) Which of the following sets of documents provides risk root causes for each phase of a
program?
Prototyping results
Technical reviews
Testing results
Trend analyses
26) Which of the following is a critical success factor to ensure effective risk management
(RM)?
Experienced program management
Risk management roles, responsibilities, and relationships
Clearly detailing project requirements in the Request for Quotation (RFQ)
Establishing priority risk categories
27) A program generally should have 3-5 framing assumptions. Which of the following is
an attribute of a framing assumption?
Is derivative of other assumptions
Is generically applicable to all programs
•Consequences cannot be easily mitigated
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Does not significantly affect program expectations
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