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Question 158 - PK0-005 discussion

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A project manager and team are reviewing a task that is supposed to take nine days to complete and cost $3,000. There is a 20% chance that an associated risk related to changing requirements could occur, resulting in rework that would add an additional five days and $1,000 in costs. Which of the following represents the total amount that should be budgeted for the task?

A.
9 days and $3,000
Answers
A.
9 days and $3,000
B.
10 days and $3,200
Answers
B.
10 days and $3,200
C.
12 days and $3,800
Answers
C.
12 days and $3,800
D.
14 days and $4,000
Answers
D.
14 days and $4,000
Suggested answer: B

Explanation:

The total amount that should be budgeted for the task is calculated by adding the expected value of the risk to the original estimate. The expected value of the risk is the product of the probability and the impact of the risk. In this case, the expected value of the risk is 0.2 x (5 days and $1,000) = 1 day and $200. Therefore, the total amount that should be budgeted for the task is 9 days and $3,000 + 1 day and $200 = 10 days and $3,2001.

asked 02/10/2024
Vinayaka G D
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