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Practice PMI PMP®PMP Process Domain Practice ExamQuestion 11

Hard1 markMultiple Choice

Task 3: Assess and manage risksTask 3CalculationRisk

PMP · Question 11 · Task 3: Assess and manage risks

A project has a 30% chance of a delay costing $20,000 and a 20% chance of a scope reduction saving $10,000. What is the Expected Monetary Value (EMV) of these uncertainties?

Answer options:

A.

-$6,000

B.

-$4,000

C.

$4,000

D.

-$8,000

How to approach this question

Calculate EMV for each risk separately (Threat = negative, Opportunity = positive) and sum them.

Full Answer

B.-$4,000✓ Correct

B

EMV is the sum of probability-weighted impacts. Threat: 0.3 * -20k = -6k. Opportunity: 0.2 * +10k = +2k. Sum = -4k.

Common mistakes

Forgetting that costs are negative values.

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