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 structured problem solving, the MECE principle means that categories should be:
Answer: Mutually Exclusive and Collectively Exhaustive
MECE ensures analytical frameworks have no overlaps (mutually exclusive) and no gaps (collectively exhaustive).
Which risk response is most appropriate when a risk's probability and impact are both very low?
Answer: Risk acceptance
Accepting a low-probability, low-impact risk is rational when the cost of mitigation exceeds the potential loss.
A consultant identifies that a client's key supplier may go out of business, threatening project delivery. This is an example of:
Answer: External supply chain risk
Supplier insolvency is an external supply chain risk that threatens the client's ability to operate or deliver.
The hypothesis-driven problem-solving approach used by CMC consultants involves:
Answer: Forming an early hypothesis and testing it with targeted data collection
Hypothesis-driven problem solving accelerates analysis by focusing data collection on proving or disproving a specific hypothesis.
A CMC consultant should escalate a project risk to the client's senior leadership when:
Answer: The risk exceeds a pre-agreed threshold and cannot be resolved at the project level
Risks above agreed thresholds require senior leadership involvement to authorize resources or decisions beyond the project team's authority.
In CMC problem solving, a gap analysis compares:
Answer: Current state performance against a desired future state
A gap analysis identifies the difference between where an organization is and where it wants to be, informing the consulting roadmap.