check your Knowledge - Good one

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EsakkiMuthu
Contributor
Posts: 191
Joined: Tue Oct 06, 2015 6:11 pm

check your Knowledge - Good one

Regards
Esakki
PMI-ACP, PMP
Vijayasenthil
Beginner
Posts: 34
Joined: Fri Feb 26, 2016 7:05 am

Re: check your Knowledge - Good one

I guess option is B...
EsakkiMuthu
Contributor
Posts: 191
Joined: Tue Oct 06, 2015 6:11 pm

Re: check your Knowledge - Good one

Yep.. Thanks correct
Regards
Esakki
PMI-ACP, PMP
sriram manian
Posts: 13
Joined: Tue Apr 12, 2016 3:18 am

Re: check your Knowledge - Good one

Dear all,

I am new to this group. why the option is not A. when you sum up everything the answer is -11600. Please explain.
rnmapv15
Posts: 9
Joined: Sun Jan 10, 2016 1:41 pm

Re: check your Knowledge - Good one

manishpn
Expert
Posts: 2819
Joined: Sat Jan 04, 2014 3:55 pm

Re: check your Knowledge - Good one

Hi,

when we sum up Probability * Impact for all risks the sum is -11600 which means that if all the risks occurs there will be total negative impact of 11600 on project and for that project needs to have contingency reserve of 11600 to be able to mitigate that negative impact
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
sriram manian
Posts: 13
Joined: Tue Apr 12, 2016 3:18 am

Re: check your Knowledge - Good one

Thank you, which means we are expressing the contingency reserve in positive manner for a negative impact.
manishpn
Expert
Posts: 2819
Joined: Sat Jan 04, 2014 3:55 pm

Re: check your Knowledge - Good one

yes you are correct
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/