What is the expected monetary value of this risk event?

Harry works as a project manager for the NHQ Project. He is performing quantitative risk analysis for his project. One of the project risks has a 40 percent probability of happening, and it will cost the project $65,000 if the risk happens. What is the expected monetary value of this risk event?

Question:

What is the expected monetary value of this risk event?

Options:

Negative $26,000

Negative $67,000

Zero – the risk event has not yet occurred

$27,000

Correct Answer

The Correct Answer for this Question is

Negative $26,000

Leave a Comment