CPL CPL Risk Management & Compliance 2

Question 1

When a program manager implements a workaround, it is a response to:

Accepted Answer

An issue that was not anticipated and has no prior contingency plan

Answer

A workaround is an unplanned response to an issue or risk event that occurs without a prepared contingency, requiring an immediate improvised solution.

Question 2

In the context of program compliance, which of the following BEST describes due diligence?

Accepted Answer

A thorough investigation and verification process to ensure regulatory and policy adherence

Answer

Due diligence is a comprehensive review process that verifies a program meets all applicable legal, regulatory, and organizational compliance requirements.

Question 3

A risk that is identified as having high probability but low impact should MOST likely be handled by:

Accepted Answer

Accepting the risk with active monitoring

Answer

High-probability, low-impact risks are typically accepted with active monitoring, as the cost of avoidance or transfer often outweighs the relatively minor impact.

Question 4

Which qualitative risk analysis tool uses expert opinion gathered through multiple anonymous rounds to build consensus on risk rankings?

Accepted Answer

Delphi technique

Answer

The Delphi technique gathers anonymous expert input over multiple rounds, using feedback between rounds to converge on a consensus risk assessment.

Question 5

A secondary risk in program management is BEST defined as:

Accepted Answer

A new risk created directly by implementing a risk response

Answer

Secondary risks arise as a direct consequence of a risk response action, meaning the solution to one risk introduces a new risk that must also be managed.

(CPL) Certified Program Leader Practice Test

(CPL) Certified Program Leader Practice Test

CPL CPL Risk Management & Compliance 2