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Question

What is the risk exposure for a given risk factor?

a.

The probability that the risk will occur

b.

The effect of the risk on the project

c.

The probability multiplied by the effect (p*E)

d.

The cost of avoiding the risk

Answer: (c).The probability multiplied by the effect (p*E) Explanation:The risk exposure is a measure of the potential impact of a risk factor on the project. It is calculated by multiplying the probability of the risk occurring (p) by the potential impact or effect of the risk (E) on the project. This gives an overall measure of the potential risk to the project.

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Q. What is the risk exposure for a given risk factor?

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