It appears to me that the question from George is related to the decision tree EVM calculation. In this case the impact as described with 0.8 and the answer C (0.7) does not make sense to me, as the impact and answer C must have a cost value, not just a pure percentage. George, can you clarify?
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1 reply by George Lewis
Sep 08, 2017 10:27 AM
George Lewis
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Hi Peter - I think it's clear now right?
Vincent did clarify... Risk rating is calculated with impact x probability, in this case 0.56 = 0.8 X "?"
I would also agree with "C" to be the answer Saving Changes...
George LewisProgram/Project Manager| DXC Technology CompanyHeredia, Costa Rica
Sep 08, 2017 7:39 AM
Replying to Peter Ambrosy
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It appears to me that the question from George is related to the decision tree EVM calculation. In this case the impact as described with 0.8 and the answer C (0.7) does not make sense to me, as the impact and answer C must have a cost value, not just a pure percentage. George, can you clarify?
Hi Peter - I think it's clear now right?
Vincent did clarify... Risk rating is calculated with impact x probability, in this case 0.56 = 0.8 X "?"
...
1 reply by Peter Ambrosy
Sep 08, 2017 11:57 AM
Peter Ambrosy
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Yes, it is clear from the math point of view: EMV = Probability x Impact, but as also Vincent highlighted a kind of cost value should be behind. I guess, this was also the question from Stephane.
Vincent did clarify... Risk rating is calculated with impact x probability, in this case 0.56 = 0.8 X "?"
Yes, it is clear from the math point of view: EMV = Probability x Impact, but as also Vincent highlighted a kind of cost value should be behind. I guess, this was also the question from Stephane.
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1 reply by Stéphane Parent
Sep 08, 2017 11:59 AM
Stéphane Parent
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Actually, Peter, I was just framing my answer in the form of a question, à la Jeopardy.
But I like your explanation better! :)
Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
Sep 08, 2017 11:57 AM
Replying to Peter Ambrosy
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Yes, it is clear from the math point of view: EMV = Probability x Impact, but as also Vincent highlighted a kind of cost value should be behind. I guess, this was also the question from Stephane.
Actually, Peter, I was just framing my answer in the form of a question, à la Jeopardy.
But I like your explanation better! :) Saving Changes...
