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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?
Suggested Answer: A
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13 comments · newest first
SA
Sanjuana
1 year ago
Totally agree with $193,500!
YV
Yvonne
1 year ago
Wait, how can we be sure about this?
LA
Lashaunda
1 year ago
It really depends on the total budget, right?
RA
Rasheeda
1 year ago
I think it could be negative, like -$334,500.
DE
Deeann
1 year ago
I'm pretty sure it's $193,500.
NO
Noemi
1 year ago
I vaguely remember that the contingency reserve is adjusted based on the impact of risks, but I’m torn between options C and D. I wish I had reviewed that section more thoroughly!
KA
Karina
1 year ago
If Risk B happens, I feel like it could really affect the budget, but I can't recall the exact calculations we did in class. Maybe it depends on the total budget?
MA
Marci
1 year ago
I think we had a similar practice question where we had to calculate the remaining contingency reserve after a risk occurred. I might lean towards option A, but I’m not completely confident.
MA
Marvel
1 year ago
I remember we discussed how the probability-impact matrix helps in determining the financial implications of risks, but I'm not sure how it applies here.
TE
Tequila
1 year ago
Okay, I think I've got this. Level III provides firm quotations, which are the actual prices that market makers are willing to buy and sell at.
AL
Albina
1 year ago
Okay, I think I've got it. The most efficient way would be to create a custom indicator field for the username and link it to the existing system indicator. That way, the username gets pulled out automatically. Option A seems like the simplest solution.
CE
Celestine
1 year ago
I feel like only looking at the average and ignoring the range could be misleading. I should double-check how they relate in this context.
CA
Casandra
1 year ago
Okay, I've got an idea. The metric that deals with the integrity of the data being modified would be the most relevant here. I'll go with D. integrity.