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You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure:
How much capital should the project set aside for the risk contingency reserve?
Suggested Answer: D
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21 comments · newest first
CA
Carin
2 days ago
I agree with Alaine. A is a solid choice.
KA
Katlyn
7 days ago
B) $232,000 gives a good buffer.
JA
Jacklyn
12 days ago
A) $142,000 covers most scenarios.
ST
Stephaine
18 days ago
D) $23,750? That's risky! Not enough.
SA
Salome
23 days ago
C) $41,750 feels too low for risks.
KA
Katy
28 days ago
I feel B) $232,000 is safer. Better to overestimate.
AL
Alaine
1 month ago
I think it's A) $142,000. Seems reasonable.
AL
Aleta
1 month ago
I’d go with $23,750, but I might be underestimating.
MA
Margart
1 month ago
Wait, are we sure about these numbers? Seems off.
HO
Howard
2 months ago
$41,750 is way too low for this project!
RE
Refugia
2 months ago
I disagree, $142,000 seems more realistic.
TE
Tesha
2 months ago
I think $232,000 makes sense for a solid reserve.
AN
Andree
2 months ago
I’d go with $23,750, but I might be underestimating.
MA
Maia
2 months ago
Wait, are we sure about these numbers? Seems off.
AM
Amie
2 months ago
$41,750 is way too low for this project!
HA
Harris
3 months ago
I disagree, $142,000 seems more realistic.
CI
Ciara
3 months ago
I think $232,000 makes sense for a solid reserve.
DA
Davida
3 months ago
I vaguely remember that we discussed a range of values for contingency reserves, but I can't decide if it's closer to $41,750 or $142,000.
KA
Kanisha
3 months ago
I feel like $232,000 might be too high, but I can't remember the specifics of how we arrived at those numbers in class.
GE
Gennie
3 months ago
I think the contingency reserve is based on the probability and impact of each risk, but I'm not sure how to apply that here.
HO
Horace
4 months ago
I remember we practiced a similar question about calculating risk reserves, but I can't recall the exact formula we used.