Calculate the 5 possible Expected Monetary Values using the aggregation of the risk driven occurrences methodology and summarise what does this average impact value means for the organisation Probability Occurrence Impact Min ($) Impact ML ($) Impact Max ($) Occur Impact ($) 10 1 1100000 1300000 2000000 1500000 30 1 75000 150000 170000 156000 70 1 480000 500000 550000 522000 90 1 780000 810000 1000000 890000 5 1 180000 200000 250000 231000

The Answer is in the image, click to view ...

Question: Calculate the 5 possible Expected Monetary Values using the aggregation of the risk driven occurrences methodology and summarise what does this average impact value means

Calculate the 5 possible Expected Monetary Values using the aggregation of the risk driven occurrences methodology and summarise what does this average impact value means for the organisation.

Probability	Occurrence	Impact Min ($)	Impact ML ($)	Impact Max ($)	*OccurImpact ($)**
10%	1	1100000	1300000	2000000	1500000
30%	1	75000	150000	170000	156000
70%	1	480000	500000	550000	522000
90%	1	780000	810000	1000000	890000
5%	1	180000	200000	250000	231000

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 General Management Questions!

This project will require field research by the student. Select an organisation of your choice. You may need to engage the relevant stakeholders of the organisation to discuss some of the business...

FORMATIVE ASSESSMENT 2 [100 Marks] This project will require field research by the student. Select an organisation of your choice and engage the relevant stakeholder of the organisation to discuss...

This project will require field research by the student. Select an organisation of your choice and engage the relevant stakeholder of the organisation to discuss some of the business decisions that...

Question 4 Quantitative Risk Analysis 4.1 The previous question provides an insight into the risk profile that the organisation needs to consider during the decision-making process. Propose the...

FORMATIVE ASSESSMENT 2 [100 MARKS] This project will require field research by the student. Transnet Freight Rail has been selected as an organization of your choice. You may need to engage the...

This project will require field research by the student. Select an organization of your choice in and engage the relevant stakeholder of the organization to discuss some of the business decisions...

Calculate the 5 possible Expected Monetary Values using the aggregation of the risk driven occurrences methodology and summarise what does this average impact value means for the organisation....

Using the risk register from question 3.1, calculate the 5 possible Expected Monetary Values using the aggregation of the risk driven occurrences methodology? Students may use estimated values and...

Using the risk register from question 3.1, calculate the 5 possible Expected Monetary Values using the aggregation of the risk driven occurrences methodology? (10 marks) Students may use estimated...

Question 3 3.1 Using the risk register derived in question 2.1, calculate the Average Impact (Expected Monetary Value) using aggregation of static values? 3.2 Using the risk register from question...

Calculate the mode, mean, and median of the following data: 18 10 15 13 17 15 12 15 18 16 11

The heat conductivity of helium is 8.7 times that of argon (under standard conditions). Find the ratio of effective diameters of argon and helium atoms.

With respect to commercial banks, the principal use of funds is accepting deposits. Group of answer choices True False

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...