ExamTopics Logo
Mail Us[email protected]
Menu
Pmi Discussions
exam questions

Exam PMI-SP All Questions

View all questions & answers for the PMI-SP exam
Go to Exam

Exam PMI-SP topic 2 question 45 discussion

Actual exam question from PMI's PMI-SP
Question #: 45
Topic #: 2
[All PMI-SP Questions]

Donna is the project manager of the QSD Project and she believes Risk Event D in the following figure is likely to happen.

If this event does happen, how much will Donna have left in the risk contingency reserve if none of the other risk events have happened?

  • A. $35,000
  • B. $41,700
  • C. $6,700
  • D. $14,000
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
To answer this question, you'll first need to calculate the contingency reserve. Contingency reserves are estimated costs to be used at the discretion of the project manager to deal with anticipated, but not certain, events. These events are "known unknowns" and are part of the project scope and cost baselines. The contingency reserve is calculated by multiplying the probability and the impact for the risk event value for each risk event. The sum of the risk events equals the contingency reserve for the project. The sum of the risk events equals the contingency reserve for the project. In this question, the value is $41,700. If Risk D happens, it'll cost the project $35,000. The difference of $35,000 and $41,700 is $6,700.
Incorrect Answers:
A: This is the impact of Risk Event
B: $41,700 is the amount of the contingency reserve.
D: $14,000 is the risk event value of Risk Event
by jalaljaafarsalman at May 9, 2020, 11:45 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Alisonw
2 days, 9 hours ago
risk events have a % chance to happen but if they do they still cost the full amount if the impact.
upvoted 2 times
...
Mopar
2 months, 3 weeks ago
0.6 12000 7200 0.15 45000 6750 0.35 15000 5250 0.4 35000 14000 0.5 17000 8500 0 41700 =27700
upvoted 1 times
...
jalaljaafarsalman
7 months ago
If risk (D) does happen it will cost 0.4*35,000 = 14,000. What left is 41,700 - 14,000 = 27,700
upvoted 2 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago