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Terms in this set (72)Why is it important to collaborate with contractors on risk management (RM)? Most issues begin with the contractor, so it is essential for the government to prevent risks (NOT) Which of the following are typical sources of framing assumptions (FAs)? (Select all that apply.) -Technological and engineering challenges During which phase should you be building and maintaining robust stakeholder relationships and ensuring horizontal and vertical communications? MSA, TMRR, EMD What would be the appropriate corrective action for the following issue: One of the orders for materials is going to run 75% over budget because the order will have to be shipped by air to meet schedule requirements. The budgeting team may be able to find funds from other sources. Transfer Which of the following is a responsibility of the Integrated Product Team (IPT) during the risk management (RM) process? Coordinate RM efforts for risks affecting multiple IPTs. What is the main differences between a risk and an opportunity? Risks have a negative consequence, while opportunities requires creating additional tasks. A Monte Carlo simulation reports a 75% chance that the prototyping tasks associated with a new Doppler-based wind measuring technology will be delayed 17 business days due to supply shortages of two key pieces of equipment. Based on the likelihood and consequence table, which of the following represents the appropriate location on the risk matrix? L = 4; C = 2 During Technology Maturation and Risk Reduction (TMRR), the goal is to primarily reduce which types of risk? (Select all that apply.) -Technology 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? Probability 4; Schedule Impact 2 Which of the following is the difference between a risk and an issue? A risk is the potential of occurring; and issue has occurred or is certain to occur. Which of the following is a critical success factor to ensure effective risk management (RM)? -Program Risk Process (PRP) Document Who may write the Program Risk Process (PRP) Document? The program manager (PM) or a dedicated risk manager The following describes which type of category of risk: Certification for a new weapons system is scheduled for January. The test is dependent on temperatures below freezing. If the temperature is too warm, the system cannot be certified. Business Your program is developing a piece of equipment that require a seismograph to identify and track low ground vibrations within a specific range. You need to understand how well the design and manufacturing process will be able to meet the performance goals. Which tool will provide that information? Performance risk analysis (PRA) Your program is planning on visiting a cooperating country to conduct an information-sharing event with military counterparts. While the government is strategically allied with U.S. interests, popular opposition to U.S. policies has been growing in strength and has turned to increasingly violent demonstrations on the streets. Which risk mitigation technique should you choose for this security risk? Avoidance 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? Risk Management Board (RMB) 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 to tracking and managing this issue? -Adjust the corrective action plan and issue level as warranted 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? 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 Which of the following is a good example of a framing assumption (FA)? The ballistic missile program will achieve Initial Operational Capability (IOC) in time to use the systems procured by this program You have contracted a university research team to create a new optic lens as a part of your program's satellite system. Your group has never worked with this team before, and has included a new potential risk stemming from their development and testing procedures. What type of analysis could you use to identify and reduce specific risks from their processes? Process Risk Analysis Which of the following are the most common sources of risk in acquisition? Cost, schedule, and human systems integration Which stage of the issue management (IM) process is characterized by the following scenario: A test of the new portable Doppler-based wind measuring system demonstrates that the system works well, but the battery drains out after the system is left in Stand-by mode for 5 hours Issue identification Which of the following are risk process planning objectives? (Select all that apply.) (Wrong) -Ensures sound risk management (RM) principles, tools, and
techniques are applied to the RM program??? Your program requirements call for contractors to use the same customized web development software that is used in all of the other programs within your division. However, one of your contractors demonstrated competing off-the-shelf software with more features that can produce the same quality of product and achieve the same required end product specifications while cutting development time in half, and costs a tenth of the price. Is this a risk or an opportunity? Opportunity Which of the following is a step of the Department of Defense (DoD) Risk Management Process?
-Mitigation, Process Planning, Identification, analysis, monitoring 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? Crawford Slip Method You are managing a program to develop and deploy a high-resolution imagery satellite. The system requires that specific technical specifications be met, which will require heavy research and testing. Which of the following risk monitoring tools would be most appropriate for progress management and reporting? TPMs Which of the following is not a component of opportunity management (OM)? -Probability or 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 monitoring tools would be most appropriate? Risk reporting matrix The following describes which sources 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 excess property warehouse, but it is not certain that sufficient furniture will be available. External Which of the following is an objective of risk process planning? Ensures sound risk management (RM) principles, tools, and techniques are applied to the RM program Which stage of the issue management (IM) process is characterized by the following scenario: One of the components of the new communications system has failed in testing; the sound can only be heard from the right side. Issue identification During Technology Maturation and Risk Reduction (TMRR), Engineering and Manufacturing Development (EMD), and Production and Deployment (P&D) phases, which schedule-related activity is conducted? Ensuring the program schedule includes sufficient time for integration activities and corrective actions Based on the results of a simulation, there is a 50% chance that the project will end three weeks behind schedule. Using the table provided, what would the cumulative schedule risk be, based on a three-week schedule delay? Probability 3; Schedule Impact 4 The program team has concluded that there is a 10% likelihood that a major storm will disrupt a program training event in Guam, delaying the program by up to five days. Based on the likelihood and consequence table, which of the following represents the appropriate location on the risk matrix? L = 1; C = 1 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 up to 10 years. Is this risk or an opportunity? Opportunity 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? Lessons Learned??? WBS risk analysis The following describes which type of category of risk: After testing a new prototype drone system, it is determined that changes need to be made that will increase the cost and push the schedule. If the schedule and cost estimates are not uploaded accordingly, the program will not achieve its goals. Programmatic You are managing a program for the U.S. Navy to develop a new diving helmet with enhanced visualization capabilities. This type of technology requires materials that have never been used in high-pressure environments. Which of the following risk mitigation techniques would be most appropriate for this scenario? Design of experiments??? Which of the following is important for good government/contractor coordination of risk management (RM)? A shared RM database. Within a program, approval to move a program into the next acquisition phase is made at what level of the organizational structure? -Adivsory What would be the appropriate corrective action for the following issue: A new contract has been awarded, but the project cannot be kicked off for 6 months due to schedule delays. In the meantime, the awardee has lost five team members. They have alternatives lined up, but the new team members will need to undergo a security investigation. Since the program has typically taken five months to complete, they believe that there is enough time to re-staff before the kickoff. -Ignore Which of the following is the difference between an issue and a risk? Issues have already occurred or are certain to occur; risks have not occurred, and there is a possibility that they will not occur Why are Monte Carlo simulations used in program schedule analysis? To find the cumulative effect of multiple risks on total project schedule duration or total project cost How many framing assumptions (FAs) should the typical program have? About 3-5 Which of the following is NOT a step of the Department of Defense (DoD) Risk Management Process? Sourcing Which of the following is a good example of a framing assumption (FA)? Contractors will offer mature designs that allow prototypes to be delivered in five months. Which of the following are attributes of a framing assumption (FA) in an acquisition program? (Select all that apply.) -No "work-arounds" The following describes which sources of potential risk: The software programming team is supposed to begin work in two months. The team has already been hired, but half of the team does not yet have their security clearance, and will not be able to start work on site until they do.
Management and security Which of the following are the components of opportunity management (OM)? Future root cause, probability, benefit 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 all that apply.) -Manufacturing You are reporting on the status of key risks to date at a progress meeting. Which of the following tools provides a visual display of the progress made to reduce key risks? Waterfall effect Within a program, which of the following entities is responsible for overseeing the management of risks, opportunities, and issues? Program manager (PM) You want to analyze your program's contract performance to date. You hope that, by identifying areas where the scope, cost, and schedule did not meet performance expectations, you can identify negative trends and, thereby, work to prevent risk and issue recurrences. Which tool will help you perform that type of analysis? Earned value management (EVM) 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 technique should you choose? Control What is a good method for using risk identification tools to identify risks? Combine a top-level method with a lower-level method. 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? L = 3; C = 4 The new high-tech deep-sea vessel that your program requires five separate research and development projects to create new materials and components. Each component relies on the others to inform how it will be designed. Is this a risk or an opportunity? Risk A moderate issue with staffing shortages on your program is being tracked. New developers were estimated to be on staff by March 8, but it appears that this deadline will not be reached. What is an appropriate action to monitor this issue? Update and review the issue regularly, and analyze potential changes to the issue level and potential associated risks. Which of the following is a critical success factor to ensure effective risk management (RM)? (Select all that apply.) -Aligning government and contractor risk management Which step of the Department of Defense (DoD) Risk Management Process consists of the activities to develop, implement, and document the risk Planning Which of the following is a responsibility of the Integrated Product Team (IPT) during the risk management (RM) process? Identify internal and external risks in accordance with the Program Risk Process (PRP) Which of the following is a way to create a good operating relationship between the government and the contractor? NOPE-Assign a role to
oversee risk management (RM) at the contractor level Where are the likelihood and consequence parameters and thresholds documented? NOPE-Department of Defense (DoD) Risk, Issues, and
Opportunity Management Guide for Defense Acquisition Programs Which of the following is a critical success factor to ensure effective risk management (RM)? Aligning government and contractor risk management During the Material Solution Analysis (MSA) phase, it is important to assess risks to achieve exit criteria for which review? -SRR Which stage of the issue management (IM) process is characterized by the following scenario: After the battery used in the new portable Doppler-based wind measuring system drains out, it is determined that the issue has only a moderate effect on the program's success. -Issue
analysis 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 date records in each system are still editable. If not, the hardware will not operate correctly. Technical??? What would be the appropriate corrective action for the following issue: A major water leak has permanently damaged 45% of the servers used to control the cloud-based network infrastructure. This has been designated a high issue. -Avoid Which of the following is a responsibility of the Integrated Product Team (IPT) during the risk management (RM) process? -Maintains the
PRP and risk register and provides related training 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? EVM Engineers are working on a fix a seismometer that does not meet the sensitivity requirements. Their research has shown gradual improvement in the item's performance, though there is no guaranteed date when the item will perform as required. What would be an appropriate step to tracking the resolution of this issue? NOT Transfer Sets with similar termsCIS 348 / Week 6 / Chapter 6 / Exercise / Lab / Qu…61 terms robotUnderpants Domain 4 - Risk and Control Monitoring and Reporti…98 terms mondeePLUS Management of Information Security (Ch. 5-6)50 terms brianna_mallard 11.0 Project Risk Management (Multiple Choice)33 terms Samuel_MusenPLUS Sets found in the same folderTest - CLM 017 Risk Management Exam33 terms qwert_12345 PMT 0170 Risk Management Exam26 terms qazwsx83 Theories of motivation8 terms DUS0003 PMT 252 - Program Management Tools, Part I26 terms mpsales Other sets by this creatorCLE 0037 terms Nate_Smiff FLIPS, NOTAMS, and Charts/Instruments 1143 terms Nate_Smiff Contact Maneuvers6 terms Nate_Smiff Fleet ops191 terms Nate_Smiff Recommended textbook solutions Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions
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Which training planning activities occur during the technology maturation & risk Reduction TMRR phase?During the TMRR phase, systems engineers follow comprehensive, iterative processes to accomplish the following:. Perform Technology Maturation. ... . Perform Prototyping. ... . Perform System Trade Analysis. ... . Develop System Architecture. ... . Develop Functional Baseline. ... . Develop Allocated Baseline. ... . Develop Preliminary Design(s).. What is the purpose of the technology maturation and risk reduction?The purpose of the TMRR phase is to reduce technology, engineering, integration, and life-cycle cost risk to the point that the decision to contract for Engineering and Manufacturing Development (EMD) can be made with confidence for the successful program execution of development, production, and sustainment.
Which technical review is held during the technology maturation and risk reduction phase?Preliminary Design Review (PDR)
The PDR is a technical review conducted during the Technology Maturation & Risk Reduction (TD) Phase to determine if a system is ready to proceed into a detailed design.
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