The following PMP® exam sample question is taken from http://www.free-pm-exam-questions.com – The answer is at the very bottom:
PMBOK Section: Perform Quantitative Risk Analysis
Process Group: Planning Process Group
Question Type: Calculation
Knowledge Area: Risk Management
Difficulty Level: Easy
Question: A risk has a potential impact of $50,000 if it happens. The probability of the occurrence of this risk is 50%. What is the expected value for this risk?
Hint: Calculate the expected value by EMV formula. Also note that threats are treated as negative numbers.
Reference: PMBOK4 – pg:298
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Explanation: EMV for a risk is calculated by multiplying the value of its impact by its probability of occurrence. This will result in -$25,000. Choice D is the correct answer to this question
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