PMI
PMI-RMP · Question #421
As per the risk analysis process carried out for a project, two risks are registered. The probability risk A will occur is 40% and its monetary impact to the project is US$100,000. The probability ris
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Perform Targeted Risk Analysis
Question
As per the risk analysis process carried out for a project, two risks are registered. The probability risk A will occur is 40% and its monetary impact to the project is US$100,000. The probability risk B will occur is 60% and its monetary impact to the project is US$20,000. What is the total contingency budget that should be created?
Options
- AUS$68,000
- BUS$52,000
- CUS$120,000
- DUS$80,000
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Topics
#Expected Monetary Value (EMV)#Contingency budget#Quantitative risk analysis#Risk impact and probability