Hi All,
The following PMP® exam sample question is taken from
http://www.free-pm-exam-questions.com - The answer is at the very bottom:
------------------------------
PMBOK Section: Perform Quantitative Risk
Analysis
Process Group: Planning Process
Group
Question Type: Calculation
Knowledge Area: Risk Management
Difficulty Level:
Easy
*Question*: A risk has a potential impact of $50,000 if it happens. The
probability of the occurrence of this risk is 50%. What is the expected
value for this risk?
A.
100000
B.
75000
C.
-50000
D.
-25000
Hint: Calculate the expected value by EMV formula. Also note that threats
are treated as negative
numbers.
Reference: PMBOK4 - pg:298
------------------------------
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Until next time,
Cornelius Fichtner, PMP
The Project Management PrepCast™ -
http://www.project-management-prepcast.com
The Project Management Podcast™ - http://www.project-management-podcast.com
*Explanation*: EMV for a risk is calculated by multiplying the value of its
impact by its probability of occurrence. This will result in -$25,000.
Choice D is the correct answer to this question
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