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Risk Event Status is defined as ?

 

A. Both1) the severity of the consequences, and2)how likely the event is to occur with risk.

B. (Cost + Benefit + Business Risk) / Insurable Risk.

C. how likely the event is to occur with risk.

D. Risk Probability x Amount At Stake.

E. the severity of the consequences.

 

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2017/02/11
Krishna   KHASANIS  PMP
by Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

Term " Risk Event Status " is not a valid term as per PMI ; thus, in my opinion, given options mean nothing.

Muhammad Umar Farooq
by Muhammad Umar Farooq , IT Program Leader , Petro Rabigh

Although PMI is not using term "Risk Event Status", but this term is used alternatively for "Risk Rating".

Both the terms point to the same concept of measuring the level of the risk using its probability & impact.

I believe A & D are the same answers but I'll choose A.

 

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Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

In my opinion, The appropriate option Is D. Risk Probability x Amount At Stake.

Deleted user
by Deleted user

the answer is A 

it's usually presented in a Matrix, that shows the probability in a column and severity in a bottom row. The risk event status is the result of multiplying the probability by the severity. 

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