A project risk has a 30% chance of occurring. If it does occur, it will change the project budget by 10%. What is the risk score

1 answer:

7 0

When the project risk is 30%, and its occurrence leads to a change in the project budget by around 10%, then the risk score is 0.03.

<h3>What is a risk score?</h3>

The result of multiplication of the risk impact on the budget by the probability of occurrence of the risk, is known as the risk score. Using the given information, it can be calculated as,

$\rm Risk\ Score\ = Project\ Risk\ x\ Impact\ on\ Project\ Budget\\\\\rm Risk\ Score\ = 0.30\ x\ 0.10\\\\\rm Risk\ Score\ = 0.03$

Hence, option B holds true regarding the risk score. The complete question is added in the image for reference.

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