CMC Risk Management & Problem Solving Flashcards
6 cards from real CMC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CMC Risk Management & Problem Solving flashcards as text
In CMC consulting, a risk register is BEST described as:
Answer: A structured log that documents identified risks, their likelihood, impact, and mitigation strategies
A risk register is the primary tool for capturing, assessing, and tracking risks throughout a consulting engagement.
A CMC consultant uses a probability-impact matrix to:
Answer: Rank risks by their likelihood of occurring and their potential impact on the project
The probability-impact matrix prioritizes risks so resources can be focused on the most critical threats.
Which problem-solving framework do CMC consultants most commonly use to identify the root cause of an organizational issue?
Answer: The 5 Whys
The 5 Whys technique iteratively asks 'why' to drill down to the fundamental root cause of a problem.
Operational risk in a consulting context MOST often refers to:
Answer: Risks arising from failed internal processes, systems, or human error
Operational risk encompasses failures in internal processes, systems, people, or external events that disrupt delivery.
When should a CMC consultant perform a risk assessment on a new engagement?
Answer: During project initiation and continuously throughout the engagement
Risk assessment should begin at initiation and be revisited regularly as new information and circumstances emerge.
A fishbone (Ishikawa) diagram is used in consulting to:
Answer: Map the causes contributing to a specific problem or effect
The fishbone diagram visually organizes potential causes of a problem across categories such as people, process, and technology.