PMI-RMP Question #417: Real Exam Question with Answer & Explanation

Question

The risk manager is prioritizing risks based on the potential impact to cost and schedule and identifies the following 4 risks: Risk 1 has a US$500,000 potential cost increase, and a 60 day potential schedule slippage, with a 25% probability of occurring Risk 2 has a US$200,000 potential cost increase, and a 20 day potential schedule slippage, with a 60% probability of occurring Risk 3 has a US$1,200,000 potential cost increase, and a 90 day potential schedule slippage, with a 10% probability of occurring Risk 4 has @ US$600,000 potential cost increase, and a 70 day potential schedule slippage, with a 20% probability of occurring Using expected monetary value calculation, which risk has the greatest potential impact to cost and schedule?

Options

• ARisk 1
• BRisk 2
• CRisk 3
• DRisk 4

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