Please review attachment Lesson 10 Assignment Worksheet Assignment Instructions For this assignment, you will be calculating the expected monetary

Please review attachment

Lesson 10 Assignment Worksheet

Assignment Instructions

For this assignment, you will be calculating the expected monetary value (EMV) for each risk using the information in the following chart:

Risk Register

Risk #

Activity #

Probability

Cost Impact

EMV

1

AA

25%

$8,000

2

BB

70%

$3,800

3

AA

15%

-$3,000

4

DD

60%

$25,000

5

DD

40%

-$18,500

6

AA

65%

-$6,000

7

BB

40%

$7,500

8

BB

35%

$30,000

9

CC

50%

$45,000

10

EE

45%

-$28,750

Type or write your answer in the EMV column. Once you have finished and recorded your calculations, use the completed chart to answer the following questions.

Remember: Positive numbers represent positive risks.

Questions to Answer

How many of the
risks identified are positive?

The total sum of the EMV column represents the potential budget for the contingency reserve. Add up all of your EMV calculations. What is the sum?

Which
activity has the most risks identified?

Some activities have both positive and negative risks identified. Add all risks for each activity. This calculates the net EMV per activity. Which
activity has the highest dollar value for
positive risks?

Some activities have both positive and negative risks identified. Add all risks for each activity to calculate the net EMV per activity. Which
activity has the lowest dollar value for
negative risks?

What is the net EMV for Activity DD?

There are three risks associated with Activity BB. Combine all three risks to determine the net EMV, and interpret the meaning behind the calculation. Is the overall risk value as calculated here positive or negative?

Take a look at Activity EE. Calculate the net EMV, and interpret the meaning behind the calculation. Is the overall risk value positive or negative?

Which
risk has the highest EMV? (Note: This is should be based on the numerical value and could be positive or negative.)

Which
risk has the lowest positive EMV?

11. Every day we encounter the possibility of risks. Some we notice and others go unnoticed. Statistically speaking, the riskiest thing you do is get into your car and drive. Think about some of the daily risks you could potentially encounter in your projects (or just life in general).

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit
Reviews

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

KRYSTEL BERGHER PROFILE Accomplished Customer Service Expert committed to the delivery of quality service. Professional and Ethical.

KRYSTEL BERGHER PROFILE Accomplished Customer Service Expert committed to the delivery of quality service. Professional and Ethical. Seeking to assist or help a new customer service department in creating and achieving the much-needed customer service goals. CONTACT ADDRESS: 15851 Southwest 139th Place, Miami FL 33177. PHONE: 305-992-6010 EMAIL: [email protected] om

Business Law BUS 3301 VII Question 12 The principal agent relationship, the employer-employee relationship, and the employer-independent contractor

Business Law BUS 3301 VII Question 12 The principal agent relationship, the employer-employee relationship, and the employer-independent contractor relationship are three types of agency relationships commonly found in business settings. Why is it important for business professionals to know what type of agency relationship they are forming?   Your response must

pfa TASK 1: By Tuesday Evening Reflection and Discussion Forum Week 3

pfa TASK 1: By Tuesday Evening Reflection and Discussion Forum Week 3 Assigned Readings: Chapter 8. Understanding Markets and Industry Changes. Chapter 9. Market Structure and Long-Run Equilibrium. Chapter 10. Strategy: The Quest to Keep Profit from Eroding. Initial Postings: Read and reflect on the assigned readings for the week.