SOFTWARE PROJECT MANAGEMENT
RISK MANAGEMENT
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Question
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Question 86 of 100Question ID:613217On your construction project, you are eight weeks away from achieving a milestone for which your client will award you a $10, 000 bonus. However, the workers union of your supplier has announced a strike. If your supplier cannot settle the dispute within three weeks, the supply interruption could delay your project. There is a 20% chance the strike exceeds three weeks, and you predict the delay will cost $50, 000.What is the expected monetary value (EMV) of this risk?
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A-$2, 000
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B$18, 000
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C$50, 000
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D$250, 000
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Explanation:
Detailed explanation-1: -Prohibits an employer from declaring a lockout: No employer carrying on any public utility service shall lock-out any of his workman: without giving them notice of lock-out as hereinafter provided, within six weeks before locking-out; or. within fourteen days of giving such notice; or.
Detailed explanation-2: -A lockout is a work stoppage or denial of employment initiated by the management of a company during a labour dispute. In contrast to a strike, in which employees refuse to work, a lockout is initiated by employers or industry owners.
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