It was well known that the cost of failure category for cost was a 0.7,and for schedule was a 0.8.The project team settled on the cost of failure for reliability of 0.6,and for performance of 0.4.What is the overall consequence of failure?
A)less than or equal to 0.5
B)greater than 0.5 but less than or equal to 0.6
C)greater than 0.6 but less than or equal to 0.7
D)greater than 0.7

Question

Quizplus · Accepted Answer

The overall consequence of failure is the weighted average of the cost of failure for each category. The cost of failure for cost is 0.7, for schedule is 0.8, for reliability is 0.6, and for performance is 0.4. The weights are the relative importance of each category. The overall consequence of failure is:(0.7 * 0.3) + (0.8 * 0.3) + (0.6 * 0.2) + (0.4 * 0.2) = 0.66Therefore, the overall consequence of failure is greater than 0.6 but less than or equal to 0.7.

It Was Well Known That the Cost of Failure Category