1. A project has the following risks identified Risk Risk A Risk B Risk C Risk D

Question

1. A project has the following risks identified Risk Risk A Risk B Risk C Risk D 25% 35% 10% 40% Impact 10 Days 20 Days 25 Days 15 Days Risk response planning is conducted by the team and the risk strategies reduce the risk characteristics by the following amounts Risk Risk A Risk B Risk C Risk D Probability Reduced to 10% Risk Avoided Not Affected Not Affected Impact Not affected Not affected Not Affected Reduced by 10 Day:s What would be the schedule contingency reserve for this project? 5.5 Days 12.5 Days C. 17.5 Days Not enough information to determine

Explanation / Answer

a) Schedule contingency reserve= 0.2*10+0.35*20+0.1*25+0.4*15= 17.5 days

b) The best estimation technique will be the bottom up aproach as costs are calculated from granualr level of each activity and then rolled up.

c) Longest duraction of project = 58; Shortest takes 52. Hence, float = a) 6 days

d) Level of effort has b) Start to start and finish to finish dependencies.

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