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Question # 35

As per the risk analysis process carried out for a project, two risks are registered. The probability risk A will occur is 40% and its monetary impact to the project is US$100,000. The probability risk B will occur is 60% and its monetary impact to the project is US$20,000.

What is the total contingency budget that should be created?

Options:

A.

US$68,000

B.

US$52,000

C.

US$120,000

D.

US$80,000

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RMP Overview

Name PMI Risk Management Professional (PMI-RMP)
Code RMP
Vendor Professional
Certification PMI

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