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Lesson 10 Assignment Worksheet_rev03072024

The document outlines an assignment for calculating the expected monetary value (EMV) of various risks in a risk register. It includes instructions for completing the EMV calculations, questions regarding the risks, and their respective values. Key findings include that Activity CC has the highest positive EMV, while Activity AA has the lowest negative EMV.

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Lawanam Marcas
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15 views

Lesson 10 Assignment Worksheet_rev03072024

The document outlines an assignment for calculating the expected monetary value (EMV) of various risks in a risk register. It includes instructions for completing the EMV calculations, questions regarding the risks, and their respective values. Key findings include that Activity CC has the highest positive EMV, while Activity AA has the lowest negative EMV.

Uploaded by

Lawanam Marcas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Lesson 10 Assignment Worksheet

Assignment Instructions
For this assignment, you will be calculating the expected monetary value (EMV) for each risk using the
information in the following chart:

Risk Register
Risk # Activity # Probabilit Cost Impact EMV
y
1 AA 25% $8,000 2000
2 BB 70% $3,800 2660
3 AA 15% -$3,000 -450
4 DD 60% $25,000 1500
5 DD 40% -$18,500 -7400
6 AA 65% -$6,000 -3900
7 BB 40% $7,500 3000
8 BB 35% $30,000 10500
9 CC 50% $45,000 22500
10 EE 45% -$28,750 12938

Type or write your answer in the EMV column. Once you have finished and recorded your calculations,
use the completed chart to answer the following questions.

Submission Instructions
This worksheet is for your own personal use to help you work through the problems and will not be
submitted. To submit your answers, you should complete the Quiz provided.
Remember: Positive numbers represent positive risks.

Questions to Answer

1. How many of the risks identified are positive?


6

2. The total sum of the EMV column represents the potential budget for the contingency reserve.
Add up all of your EMV calculations. What is the sum?
The total sum of the EMV column is $30,972

3. Which activity has the most risks identified?


4. Activity AA: 3 risks
5. Activity BB: 3 risks

6. Some activities have both positive and negative risks identified. Add all risks for each activity.
This calculates the net EMV per activity. Which activity has the highest dollar value for positive
risks?
Activity CC has the highest dollar value for positive risks with a total EMV of $22,500.

7. Some activities have both positive and negative risks identified. Add all risks for each activity to
calculate the net EMV per activity. Which activity has the lowest dollar value for negative risks?
Activity AA has the lowest dollar value for negative risks with a total of -$2,350.

8. What is the net EMV for Activity DD? the net EMV for Activity DD is $7,600

9. There are three risks associated with Activity BB. Combine all three risks to determine the net
EMV, and interpret the meaning behind the calculation. Is the overall risk value as calculated
here positive or negative?
The overall risk value for Activity BB is positive,

10. Take a look at Activity EE. Calculate the net EMV, and interpret the meaning behind the
calculation. Is the overall risk value positive or negative?
The overall risk value for Activity EE is negative
11. Which risk has the highest EMV? (Note: This is should be based on the numerical value and
could be positive or negative.)

Risk 9 has the highest EMV, with a value of $22,500

12. Which risk has the lowest positive EMV?


Risk 1 has the lowest positive EMV, with a value of $2,000

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