In doing risk analysis for your project, you have identified the following risks items RISK RISK PROBABILITY

Fantastic news! We've Found the answer you've been seeking!

Question:

In doing risk analysis for your project, you have identified the following risks items

RISK RISK PROBABILITY COST IMPACT RISK CONTINGENCY

A .7 $20,000

B .25 $30,000

C .5 $16,000

D .10 $45,000

E .3 $18,000

F .30 $139,000

a) Calculate the expected value of each of these risks.

b) How much would you request for this project to be added to your budget as risk contingency?

c) Why wouldn’t you request the entire $139,000?

d) What would you do in the event Risk D occurs?

Related Book For answer-question

Modern Advanced Accounting in Canada

ISBN: 978-1259087554

7th edition

Authors: Hilton Murray, Herauf Darrell

See More Books

Posted Date: May 31, 2022 04:45 AM

See More Questions

You have identified the following audit risks in relation to a number of your audit clients: A. Property Investments Limited acquired a large commercial property investment in the center of Sydney...
Template/outline (for use after you have identified the decision-maker who has an ethical dilemma) Clearly describe the ethical dilemma. Describe what the decision-maker did, and the Kohlberg stage...
This contingency table describes 200 business students. Find each probability and interpret it in words. a. P(A) b. P(M) c. P(A M ) d. P(F S) e. P(A | M ) f. P(A | F) g. P(F | S) h. P(E F) Major...
Skysong, Inc. sells products that carry a two-year warranty. Any defective product is replaced with a new item taken from inventory. Management believes that this is the most cost-effective way to...
Approximately how long would it take for an investment of $100 to reach $800 if you earned 5 percent? What if the interest rate were 10 percent? How long would it take an investment of $200 to reach...
In the figure below, ABCD is a trapezoid. E lies on line AD, and angle measures are as marked. What is the measure of angle CDB? F. 25 G. 30 H. 55 J. 80 K. 100 A '80 B 25 100 D E
Why is texture so important for computer vision systems?What differences would there be if the world had no texture and all objects were smooth and uniformly colored? Would this make it easier or...
In its income statement for the year ended December 31, 2012, Misra Company reported the following condensed data. Administrative expenses ........ $465,000 Loss on disposal of Cost of goods sold .....
Andy Wiltshireis the accounts payable manager ofHomestead Property Ltd (HPL). Andy started withHPL asanaccounts clerkand workedhis wayup to his current management position. He was promoted due to his...
Lannion and Co. is engaged in providing and marketing a standard advice service. Summarised results for the past two months reveal the following: There were no price changes of any description during...
The accounting records of Sunland Manufacturing Company include the following information: Work in process inventory Finished goods inventory Direct materials used Direct labor Dec. 31 $18,800...
Amir has plans to gather several colleagues to establish a business institution. However, not all of his colleagues have capital in the form of money. Meanwhile, Anto is an activist in a village who...
The capstone portion of the course the student will put together a community-based project within the scope of the law that will assist in the better of the community. This project will utilize all...
As it is often the case, personal data is used for purposes other than the ones stated at the time of its collection. Through decontextualization, its use becomes defective in the sense that the...
I need help to make a corrective action regarding this incident as one of my worker got injured during work incident. the root cause is under investigation i dont know what happender and not in the...
The JM Contracts Text includes an excerpt of TA Operating Corp. v. Solar Applications Engineering, Inc., 191 S.W.3d 173 (Tex. Ct. App. 2005) Link article...
Hello, I can compile this code, but I cannot run it. I get this message: No main method, JavaFX application, applets or midlets found in file. I am not sure that this means. Please see below. Please...
XYZ Inc. a calendar year, accrual basis corporation, had the following items during 2021: Gross revenue from operations Cost of goods sold $420,000 ($180,000) $9,000 LT capital gain .LT capital...
In the preparation of a consolidated balance sheet, the differences between the fair value and the carrying amount of the subsidiary's net assets are used. Would these differences be used if the...
Fairchild Centre is an NFPO funded by government grants and private donations. It was established on January 1, Year 5, to provide counseling services and a drop in centre for single parents. On...
When must an intangible asset be shown separately from goodwill? What are the criteria for reporting these intangible assets separately from goodwill?
In a cluster sample, the population is divided into groups, and a random sample from each group is drawn. In Exercises 1316, determine whether the statement is true or false. If the statement is...
True or false: The way that questions are worded on a survey may have an effect on the responses.
In a case-control study, the outcome has occurred before the subjects are sampled. In Exercises 1116, determine whether the statement is true or false. If the statement is false, rewrite it as a true...

In doing risk analysis for your project, you have identified the following risks items RISK RISK PROBABILITY

Question:

Expert Answer:

a Risk Probability P Cost Impact I So Expected Monetary Value EMV PI Risk Contingency Budget 14000 7... View the full answer

Modern Advanced Accounting in Canada

Students also viewed these economics questions