PMI-RMP · Question #3
You are the project manager of the KJH Project and are working with your project team to plan the risk responses. Consider that your project has a budget of $500,000 and is expected to last six months
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Question
You are the project manager of the KJH Project and are working with your project team to plan the risk responses. Consider that your project has a budget of $500,000 and is expected to last six months. Within the KJH Project you have identified a risk event that has a probability of .70 and has a cost impact of $350,000. When it comes to creating a risk response for this event what is the risk exposure of the event that must be considered for the cost of the risk response?
Options
- AThe risk exposure of the event is $245,000.
- BThe risk exposure of the event is $500,000.
- CThe risk exposure of the event is $350,000.
- DThe risk exposure of the event is $850,000.
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