The Overall Risk Factor for the Project Is Known to Be

question 98

Multiple Choice

The overall risk factor for the project is known to be 0.5.The individual failure probability and consequence scores are not known with certainty,only that all of the failure probability scores are identical and all of the consequence scores are identical.What are the individual failure probability scores? $$\begin{array} { | l | l | l | l | } \hline \text { Maturity } & \mathbf { X } & \text { Cost } & \mathbf { Y } \\\hline \text { Complexity } & \mathbf { X } & \text { Schedule } & Y \\\hline \text { Dependency } & \mathbf { X } & \text { Reliability } & \mathbf { Y } \\\hline & & \text { Performance } & \mathbf { Y } \\\hline\end{array}$$

• A)0.316
• B)0.267
• C)0.236
• D)0.347

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Definitions:

Marginal Cost

The boost in overall cost that comes from generating one extra unit of a product or service.

Quantity Effect

The change in quantity demanded or supplied of a product as a result of changes in its price.

Marginal Cost

The expense increase for generating an additional unit of a product or service.

Cartel

An association of independent businesses or countries that coordinate their actions to control the supply of a product or service, aiming to influence prices and maximize collective profit.