Considering the threats (negative risks) and opportunities (positive risks) identified in Week 4, prepare a probability-impact analysis matrix and expected monetary value (EMV) based on the following assumptions:
Project cost: $3 million
Project deadline: 18 months
Contingency: 20%
Your analysis should also address the following questions:
What’s your estimated probability of occurrence for each threat and opportunity?
What’s your estimated cost impact for each threat and opportunity?
Which risks have the greatest impact and why?
Which risks have the highest probability of occurring and why?
What’s the EMV for each threat and opportunity?
Suppose you have an opportunity that has a 60% probability of occurring and a potential gain of $200,000. What’s the EMV?
What insights did you gain from the results of the qualitative and quantitative analysis?
Length: Worksheet containing a probability and impact analysis matrix and expected monetary value (EMV)
References: Include a minimum of 3 scholarly resources.
The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course. The writing should integrate scholarly resources, reflect academic expectations and current APA standards
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