CMP CMP Risk Management & Mitigation

Question 1

Which risk assessment framework categorizes capture risks by probability and impact on a two-axis grid?

Accepted Answer

Risk matrix (heat map)

Answer

SWOT analysis

Answer

Gantt chart

Answer

Earned value management

Question 2

What is the primary purpose of a risk register in a capture plan?

Accepted Answer

Document identified risks and mitigation strategies

Answer

Track competitor pricing

Answer

Schedule proposal milestones

Answer

List team member responsibilities

Question 3

Which risk response strategy involves shifting the financial or operational burden of a risk to a third party through subcontracting or insurance?

Accepted Answer

Risk transfer

Answer

Risk avoidance

Answer

Risk acceptance

Answer

Risk reduction

Question 4

In capture planning, a 'Black Swan' event is best described as:

Accepted Answer

A highly improbable, high-impact event that is difficult to predict

Answer

A guaranteed contract loss to a competitor

Answer

A government-mandated bid requirement

Answer

A routine risk identified in every proposal

Question 5

What does 'risk appetite' define in the context of capture management?

Accepted Answer

The level of risk an organization is willing to accept in pursuing a contract

Answer

The total budget allocated to risk mitigation activities

Answer

The number of risks identified during a gate review

Answer

The minimum probability threshold for formally reporting a risk

Question 6

Which ongoing capture management practice involves continuously monitoring risk indicators throughout the entire pursuit lifecycle?

Accepted Answer

Risk surveillance

Answer

Black-hat review

Answer

Storyboarding

Answer

Price-to-win analysis