medium · Project Management Professional Predictive (Plan-Driven)
Larkspur Health's predictive project has two threats and one opportunity with EMV values.
If the probability of the opportunity increases from 0.4 to 0.8, while its impact remains +$80,000, what happens to the required contingency reserve?
- The project manager should immediately spend the difference on new hardware.
- The reserve stays the same, as opportunities don't affect contingency.
- The required reserve decreases because the positive EMV offset has doubled.
- The reserve increases because the project is now more uncertain.
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