Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A project manager and the project team identify several specific risks in a project. The expected value of these risks is estimated at $50,000. The

A project manager and the project team identify several specific risks in a project. The expected value of these risks is estimated at $50,000. The impact on the project brought about by these risks is estimated at $125,000. What value should be entered into the management reserve for these risks?

$ 125,000

$ 175,000

$ 50,000

$ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Effective Document And Data Management Unlocking Corporate Content

Authors: Bob Wiggins

3rd Edition

1317145593, 9781317145592

More Books

Students also viewed these General Management questions

Question

Armed conflicts.

Answered: 1 week ago

Question

Pollution

Answered: 1 week ago