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ScrumStudy Exam SMC Topic 1 Question 72 Discussion

Actual exam question for ScrumStudy's SMC exam
Question #: 72
Topic #: 1
[All SMC Questions]

While performing a cost-benefit analysis, the Product Owner of a project determined that the project has 45% probability of incurring a loss of $800,000 due to the latest Land Reform Bill. Which of the following techniques is being used by the Product Owner to perform cost-benefit analysis?

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Suggested Answer: A

by Pamella at Jul 30, 2023, 06:25 PM

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Gladis
2 months ago
Hmm, EMV seems like the obvious choice here. Unless the Product Owner is just really into making fancy grids and diagrams, in which case Probability Impact Grid is the way to go.
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Zona
18 days ago
Yeah, but sometimes a visual representation like a Probability Impact Grid can help stakeholders understand better.
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Nickie
19 days ago
True, EMV provides a more quantitative approach to analyzing risks.
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Dahlia
29 days ago
But don't underestimate the power of a good Probability Impact Grid.
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Queen
30 days ago
I agree, EMV is the most common technique for cost-benefit analysis.
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Ena
2 months ago
Expected Monetary Value, of course! The question literally says the Product Owner is considering the probability and impact of the loss. That's the definition of EMV, not some Pareto or Risk Breakdown nonsense.
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Cherelle
2 months ago
I'm not sure why the Product Owner is wasting time on this cost-benefit analysis. They should just ask the government to repeal the Land Reform Bill and be done with it!
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Lai
29 days ago
C) Pareto Analysis.
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Christa
1 months ago
B) Probability Impact Grid.
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Clay
2 months ago
A) Expected Monetary Value.
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Gwen
2 months ago
This is clearly a Probability Impact Grid analysis. The Product Owner is considering the probability and impact of the potential loss, which is the hallmark of this technique.
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Remedios
2 months ago
C) Pareto Analysis.
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Gene
2 months ago
B) Probability Impact Grid.
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Verlene
2 months ago
A) Expected Monetary Value.
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Nobuko
3 months ago
The Product Owner is using Expected Monetary Value (EMV) to perform the cost-benefit analysis. EMV takes into account the probability and potential impact of the loss, which is exactly what's described in the question.
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Ronald
2 months ago
The Product Owner is using Expected Monetary Value (EMV) to perform the cost-benefit analysis.
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Ezekiel
2 months ago
A) Expected Monetary Value.
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Jamey
3 months ago
I'm not sure, but I think Probability Impact Grid could also be used to analyze the impact of different probabilities.
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Gracia
3 months ago
I agree with Stephaine, Expected Monetary Value helps in calculating the average outcome considering probabilities.
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Stephaine
4 months ago
I think the Product Owner is using Expected Monetary Value.
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