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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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Nobuko
5 days 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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Jamey
6 days 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
10 days ago
I agree with Stephaine, Expected Monetary Value helps in calculating the average outcome considering probabilities.
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Stephaine
15 days ago
I think the Product Owner is using Expected Monetary Value.
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