Total Project Risk?

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Your project progressed as planned up until yesterday. Suddenly, an unexpected r...
Posted by:
Muhammad Farooq
03-June-2017

A. Both1) should not be calculated for small projects and2) is the cumulative sum of the probability of each individual project risk event times the consequences of occurrence of that risk event.

B. Both1) should not be calculated for small projects and2)is the probability of each project risk event times the sum of the consequences of individual project risk events which could occur during the project.

C. is the probability of each project risk event times the sum of the consequences of individual project risk events which could occur during the project.

D. Is the cumulative sum of the probability of each individual project risk event times the consequences of occurrence of that risk event.

E. should not be calculated for small projects

Risk Management Project Management

Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2017/09/17

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2 Answers

by harish kumar , Customer Service Officer , icici bank

In Finance -Risk is connected finacial health of the company.Those are volatility of foreign currencies,interest rates,commodities price,tax regulations etc..Finance Risk Management is identifying the above said risks in an organisation and reduce the probability such type of negative events and increse the short term and long term value to its stake holders.

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