The Overall Project Risk Factor Is Known to Be 0

question 84

Multiple Choice

The overall project risk factor is known to be 0.6.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 probability of maturity failure? $$\begin{array} { | l | l | l | l | } \hline \text { Maturity } & \mathrm { X } & \text { Cost } & \mathrm { Y } \\\hline \text { Complexity } & 2 \mathrm { X } & \text { Schedule } & 2 \mathrm { Y } \\\hline \text { Dependency } & 4 \mathrm { X } & \text { Reliability } & 4 \mathrm { Y } \\\hline & & \text { Performance } & 8 \mathrm { Y } \\\hline\end{array}$$

• A) 0.213
• B) 0.197
• C) 0.104
• D) 0.148

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Definitions:

Rival

An entity competing against another for the same objective or for superiority in the same field of activity.

Excludable

A feature of a product or service enabling its owner to exclude others from usage unless payment is received.

Property Rights

The legal rights to possess, use, and dispose of assets, including property and intellectual property.

Allocate Resources

The process of assigning available assets, time, and effort to various tasks or purposes in order to achieve specific goals.