fle://CUsers/mct62Documents/Mark20ackup2010-2-2017/Document 2oanalysis20andomanagement/contingency20bud Risk P (Risk Probability) I (Cost Impact) Risk Contingency P* Ic A .7 £20,000 B .4 £15,000 .6...



Question 2



  1. Complete the Contingency Budget for the table below

  2. If risk C and F actually occurred, you would be able to tap the contingency budget for relief?

  3. Should you focus on risk F and why?


fle://CUsers/mct62Documents/Mark20ackup2010-2-2017/Document<br>2oanalysis20andomanagement/contingency20bud<br>Risk<br>P (Risk Probability)<br>I (Cost Impact)<br>Risk<br>Contingency<br>P* Ic<br>A<br>.7<br>£20,000<br>B<br>.4<br>£15,000<br>.6<br>£10,000<br>D<br>.3<br>£30,000<br>.5<br>£25,000<br>F<br>.8<br>£35,000<br>Total<br>£135,000<br>

Extracted text: fle://CUsers/mct62Documents/Mark20ackup2010-2-2017/Document 2oanalysis20andomanagement/contingency20bud Risk P (Risk Probability) I (Cost Impact) Risk Contingency P* Ic A .7 £20,000 B .4 £15,000 .6 £10,000 D .3 £30,000 .5 £25,000 F .8 £35,000 Total £135,000

Jun 10, 2022
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