Question: What is the risk expected value if the project quantitative risk analysis identified two risks with the following probabilities and impacts? Risk A with

What is the risk expected value if the project quantitative risk analysis identified two risks with the following probabilities and impacts?

• Risk A with a 10 percent probability of a 5,000 increase in materials costs

• Risk B with a 10 percent probability of a decrease of 2,000 in travel expenses A. 700 B. 7,000 C. 300 D. 500

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Project Management For Small Projects Questions!