A Rule of Thumb for Project Risk Score Calculations Is

question 76

Essay

A rule of thumb for project risk score calculations is that a risk score of ________ is considered high risk.

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Definitions:

Standard Deviation

A statistical measure of the dispersion or variability within a dataset, indicating how spread out the data points are from the mean.

Hours

A unit of time equal to 60 minutes.

Computers

Electronic devices that can store, retrieve, and process data, and execute programmed instructions.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.