CAE Risk Management & Mitigation 2

Question 1

Which risk analysis technique assigns numerical probabilities to events in a branching logic diagram to calculate system failure likelihood?

Accepted Answer

Fault Tree Analysis (FTA)

Answer

Fault Tree Analysis uses Boolean logic and probability values in a top-down tree structure to compute the likelihood of a system-level failure.

Question 2

In automotive supply chain risk management, a 'sole-source' supplier arrangement primarily introduces which type of risk?

Accepted Answer

Supply disruption concentration risk

Answer

A sole-source supplier creates concentration risk because any disruption—natural disaster, insolvency, or quality failure—has no alternative supply path to mitigate it.

Question 3

The 'risk appetite' of an organization in automotive engineering is best defined as:

Accepted Answer

The level of risk the organization is willing to accept in pursuit of its objectives

Answer

Risk appetite defines the amount and type of risk an organization is prepared to accept while pursuing strategic goals, guiding decision-making across engineering programs.

Question 4

During a vehicle program, a Corrective Action Board (CAB) is typically convened in response to:

Accepted Answer

Emerging or confirmed field quality issues requiring structured resolution

Answer

A CAB is triggered when field data or test results reveal a significant quality or safety problem, bringing cross-functional teams together to define root cause and corrective actions.

Question 5

Which ISO standard specifically addresses automotive functional safety and requires risk assessment via Automotive Safety Integrity Levels (ASILs)?

Accepted Answer

ISO 26262

Answer

ISO 26262 is the international standard for functional safety of electrical and electronic systems in road vehicles, using ASIL A through D to classify hazard severity.

(CAE) Certified Automotive Engineer Practice Test

(CAE) Certified Automotive Engineer Practice Test

CAE Risk Management & Mitigation 2