Consider the risk probability-impact matrix in the figure given below:
If Risk B happens in this project, how much will be left in the contingency reserve?
A. $193,500
B. -$334,500
C. It depends on the total budget of the project.
D. $148,300
Consider the risk probability-impact matrix in the figure given below:
If Risk B happens in this project, how much will be left in the contingency reserve?
A. $193,500
B. -$334,500
C. It depends on the total budget of the project.
D. $148,300
contingency reserve = 0.55 * 10000+0.4*65000+0.3*90000+0.6*25000+0.45*30000+0.7*245000 = 258500 $
if Risk B Happens the remaining reserve will be = 258500-65000 = 193500 $
the correct answer is (A)