Determine the risk score for the Project X below, given the following information: Risk Event Probability Impact
Fantastic news! We've Found the answer you've been seeking!
Question:
Determine the risk score for the Project X below, given the following information:
Risk Event | Probability | Impact | Compounded Risk score |
1.0 | 9 | 4 |
|
2.0 | 7 | 7 |
|
3.0 | 7 | 9 |
|
4.0 (Opportunity) | 6 | 3 |
|
59.43
166
36.50
49.75
32.50
You are managing a construction project. There's a 30% chance that weather will cause a three-day delay, costing $12,000. There's also a 20% chance that the price of your building materials will drop, which will save $5,000. What's the total Expected Value for both of these risks?
$1,000
-$3,600
$3,600
$4,600
$2,600
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: