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PGMP · Question #172
PGMP Question #172: Real Exam Question with Answer & Explanation
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Program Risk Management
Question
If a risk has a probability of 60 percent and an impact of -$57,000 what will the expected monetary value of the risk event be?
Options
- A-$34,200
- B-$57,000
- C-9,500
- DYou will need to know the utility function of the organization to determine this.
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Topics
#Expected Monetary Value (EMV)#Quantitative Risk Analysis#Program Risk Management