CMP Risk Management & Mitigation Flashcards

A capture team learns a key teaming partner is experiencing serious financial difficulties. This is best classified as which type of risk?

Answer: Supply chain / partner risk

Financial instability in a teaming partner represents a supply chain risk that can jeopardize both the proposal submission and contract performance commitments.

Which risk analysis technique uses structured 'what-if' scenarios to stress-test a capture plan against potential adverse events?

Answer: Scenario analysis

Scenario analysis explores how different risk events could unfold and tests whether the capture strategy remains viable under adverse conditions.

According to PMBOK risk response strategies, 'avoid' means:

Answer: Changing the plan to eliminate the risk or protect objectives from its impact

Risk avoidance eliminates the threat entirely by altering the scope, schedule, or approach so the risk-triggering condition can no longer occur.

In federal capture management, compliance risk most often stems from:

Answer: Failure to meet FAR/DFARS requirements in the proposal

Non-compliance with FAR and DFARS requirements can disqualify a proposal entirely, making regulatory adherence a top risk category in federal pursuits.

What is a 'contingency reserve' in capture cost planning?

Answer: Budget set aside to handle identified risks if they materialize during performance

A contingency reserve is specifically linked to known-unknown risks already documented in the risk register, distinguishing it from a management reserve for unforeseen events.

Which risk is most commonly associated with sole-source justification in government capture?

Answer: Legal challenge or bid protest from competitors

Sole-source awards are frequently protested by competitors who argue the justification was improper, creating legal and schedule risk for the awardee.