Learning Objectives Quantitative risk analysis comes after qualitative risk analysis and quantifies the project's risk exposure. By the end of this lab you'll be able to Create a quantitative probability-impact matrix Determine the project's risk exposure Recommend a contingency reserve for the project Complete Quantitative Risk Analysis You are serving as the project manager of the GHY Project for your company. This project will create a new computer network in a historical warehouse that's been converted to an office space. The project will require 160 network connections to be installed throughout the new office building and 120 new workstations to be installed and configured for local area network and Internet connectivity. In addition, there will be twenty network-based printers and five file servers users will need to connect to. All of the project risks have passed through qualitative analysis, and these now need to, for this exercise, pass through quantitative analysis. Your project team has interviewed subject matter experts, has completed testing of the risk events, and are now ready to rank the results of their tests. Complete the following table to find the expected monetary value for each risk event. Identified Risk Probability Impact Expected Monetary Value Vendor lateness with materials 0.50 -$15,000 0.25 -9,000 Maximum distance of network cable from central patch panel 0.80 -45,000 Brick building structure may prove difficult to install wiring -35,000 -12,000 -12,000 -75,000 There is no drop ceiling (plenum) 0.70 for cables Ability to meet deadline 0.40 considering challenges of project Office building has historical 0.65 restrictions on construction Physical security of the 0.20 equipment during the project Building owner must inspect the 0.60 work which could cause additional delays or rework The network printers need to be 0.55 centrally located, but with network cables out of sight A secured server room will need 0.90 to be constructed first, but the room will need approval for power, air conditioning, and the physical structure by the building owner -5,000 -14,000 -45,000 1. What are three risk events with the largest expected monetary value? 2. What is the project's risk exposure? 3. What should you request as this project's contingency reserve? 4. For planning, rank the risk events from high to low