Please create a Microsoft Word document that answers the following questions. For this assignment, please just answer each question.

1. Please calculate the Expected Monetary Value? (5 points each = 25 Points Total)
   • Project A: Probability of Risk: 10% | Impact $20,000
   • Project B: Probability of Risk: 30% | Impact $45,000
   • Project C: Probability of Risk: 28% | Impact $18,000
   • Project D: Probability of Risk: 100% | Impact $97,500
   • Project E: Probability of Risk: 5% | Impact $10,000
2. For each of the following, identify the Response Response Strategy and explain why you would select that strategy? (10 points each = 50 Points Total).
   • Remove a work package or activity from the project.
   • Assign a team member to visit the seller's manufacturing facilities frequently to learn about a problem with delivery as early as possible
   • Move a work package to a date when a more experienced resource is available to be assigned to the project.
   • Begin negotiation for the equipment earlier than planned so as to secure a lower price.
   • Outsource a work package so as to gain an opportunity.
   • Notify management that there could be a cost increase if a risk occurs because no action is being taken to prevent the risk.
   • Remove a troublesome resource from the project.
   • Provide a team member who has limited experience with additional training.
   • Train the team on conflict resolution strategies.
   • Outsource difficult work to a more experienced company.
3. Find an example of a company that took a big risk on an IT project and fail. What happened? Why did it fail? (25 points)