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
Which of the following BEST describes a 'residual risk' in a consulting engagement?
Answer: The remaining risk after mitigation measures have been applied
Residual risk is the level of risk that remains after controls and mitigation strategies have been implemented.
A CMC consultant facilitating a client workshop to solve a complex problem should PRIMARILY use which approach?
Answer: Guide participants through structured problem-solving exercises to co-develop solutions
Facilitating co-development of solutions increases client ownership and commitment to implementation.
Scenario analysis in CMC risk management is used to:
Answer: Evaluate how different future conditions could affect project outcomes
Scenario analysis tests project plans against multiple plausible future states to identify vulnerabilities and inform contingency planning.
The primary purpose of a contingency plan in a consulting engagement is to:
Answer: Define pre-agreed actions to take if a specific risk materializes
A contingency plan provides a ready response to a risk event, minimizing disruption if the risk occurs.
When conducting root cause analysis, a CMC consultant determines that a client's declining revenue is caused by poor sales training. The NEXT step is to:
Answer: Validate the root cause with additional data before recommending solutions
Root causes must be validated with evidence before solutions are recommended to avoid addressing the wrong problem.
Which of the following represents a 'trigger condition' in risk management?
Answer: A sign or event that indicates a risk is about to occur or has occurred
Trigger conditions are early warning indicators that signal a risk event is imminent, enabling timely activation of the contingency plan.