Question: You are presented with the following table: Based on the preceding numbers, what is the amount needed for the contingency fund? A. Unknown with this

You are presented with the following table:

Risk Event Probability Impact Cost/Benefit Ex$V .35 -4,000 2 .40 50,000 3

Based on the preceding numbers, what is the amount needed for the contingency fund?
A. Unknown with this information B. 249,000 C. 117,150 D. 15,750

Risk Event Probability Impact Cost/Benefit Ex$V .35 -4,000 2 .40 50,000 3 .45 -300,000 4 .30 50,000 5 .35 -45,000

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 The Managerial Process Questions!