Question: Suppose the baseline time estimate for project completion is 26 weeks and the baseline cost estimate is $71000. Assume that the risk likelihood for the

Suppose the baseline time estimate for project completion is 26 weeks and the baseline cost estimate is $71000. Assume that the risk likelihood for the project as a whole is 0.3 , and should the risk materialize, it would delay the project by 5 weeks and increase the cost by $10,000 ? a. Calculate RT and RC. b. Accounting for the risk time, what would be the expected project completion time? c. Accounting for the risk cost, what would be the expected project completion cost? d. If the corrective time and cost cannot be estimated, what would be the expected project completion time \& cost
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To solve these questions well use basic risk management calculations a Calculate RT Risk Time and RC ... View full answer
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