A project team assesses their primary risk factor's probability of failure with a maturity risk of 0.3,a complexity risk of 0.7,and a dependency risk of 0.8.The probability of failure is:
A)Less than or equal to 0.3.
B)Greater than 0.3 but less than or equal to 0.55.
C)Greater than 0.56 but less than or equal to 0.89.
D)Greater than or equal to 0.9.

Question

Quizplus · Accepted Answer

To find the probability of failure, we need to use the formula:
Probability of failure = 1 - (1 - maturity risk) x (1 - complexity risk) x (1 - dependency risk)

Substituting the given values, we get:
Probability of failure = 1 - (1 - 0.3) x (1 - 0.7) x (1 - 0.8)
Probability of failure = 1 - 0.7 x 0.3 x 0.2
Probability of failure = 0.892

Therefore, the probability of failure is greater than 0.56 but less than or equal to 0.89, making the answer C.

A Project Team Assesses Their Primary Risk Factor's Probability of Failure