[Choose potentialrisk mitigation strategies as they relate to risk events.]ControlAcceptanceTransferAvoidance20) You want to analyze your program’s contract performance to date. You hope that, by identifyingareas where the scope, cost, and schedule did not meet performance expectations, you can identifynegative trends and, thereby, work to prevent risk and issue recurrences. Which tool will help youperform that type of analysis? [Identify program management functions and tools that integrate with the RiskManagement Process in support of a program.][Remediation Accessed :N]Cost risk analysis (CRA)21) What is the main difference between a risk and an opportunity? [Identify the components of opportunitymanagement and risk management.]negative trends and, thereby, work to prevent risk and issue recurrences. Which tool will help youperform that type of analysis? Management Process in support of a program.][Remediation Accessed :N]22) Your program requirements call for contractors to use the same customized web developmentsoftware that is used in all of the other programs within your division. However, one of your contractorsdemonstrated competing off-the-shelf software with more features that can produce the same quality ofproduct 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? [Given a scenario, apply the differencesbetween risk management and opportunity management.]Risks have a greater likelihood of being realized than opportunities.Risks can be identified through a range of analyses and tools, while opportunities are identified byindividual team contributors based on their observations.5 of 75/15/2018 3:27 PM
23) Which stage of the issue management (IM) process is characterized by the following scenario: A testof the new portable Doppler-based wind measuring system demonstrates that the system works well, butthe battery drains out after the system is left in Stand-by mode for 5 hours. [Identify the components of theissue management process.]Issue monitoring24) What would be the appropriate corrective action for the following issue: A major water leak haspermanently damaged 45% of the servers used to control the cloud-based network infrastructure. This hasbeen designated a high issue. [Select the appropriate corrective action for high or moderate issues.]Transfer25) A moderate issue with staffing shortages on your program is being tracked. New developers wereestimated to be on staff by March 8, but it appears that this deadline will not be reached. What is anappropriate action to monitor this issue?
- Spring '17