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The Overall Project Risk Factor Is Known to Be 0

question 66

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The overall project risk factor is known to be 0.5. The probability of dependency failure is twice the probability of complexity failure and four times the probability of maturity failure. The consequence of performance failure is twice the consequence of reliability failure, four times the consequence of schedule failure and eight times the consequence of cost failure. What is the difference between the probability of maturity failure and the consequence of cost failure? The overall project risk factor is known to be 0.5. The probability of dependency failure is twice the probability of complexity failure and four times the probability of maturity failure. The consequence of performance failure is twice the consequence of reliability failure, four times the consequence of schedule failure and eight times the consequence of cost failure. What is the difference between the probability of maturity failure and the consequence of cost failure?   A)  0.026 B)  0.033 C)  0.041 D)  0.048


Definitions:

Activity Level

A measure of the volume or quantity of production or operations within a specific period.

Direct Proportion

A relationship between two quantities where they increase or decrease at the same rate.

Relevant Range

The range of activity within which the assumptions about variable and fixed cost behaviors hold true.

Total Fixed Costs

Financial obligations that do not fluctuate with the amount of goods made or sold, for instance, rent, salaries, and insurance coverage.

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