What is the current project risk exposure?

An IT project is 40% complete. During the initial analysis, risks A and B were identified for the project. Risk A has a probability of 0.6 and an impact of US$50.000. Risk B has a probability of 0.7 and an impact of USS60.000. After implementing the planned risk response for risk B. the probability of risk B has been reduced is 0.3.

What is the current project risk exposure?
A . US$18,000
B. US$72.000
C. US$30,000
D. US$48,000

Answer: B

Explanation:

The current project risk exposure can be calculated as follows: Risk A: 0.6 (probability) x US$50,000 (impact) = US$30,000 Risk B (after response): 0.3 (probability) x US$60,000 (impact) = US$18,000 Total risk exposure: US$30,000 (Risk A) + US$18,000 (Risk B) = US$72,000

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