Suppose program node Nj has 10 risk events Ei (i = 1, 2, 3,…,10). Suppose each risk event’s occurrence probability and its impacts if it occurs (with four dimensions: Cost, Schedule, Technical Performance, and Programmatic) are scored as shown on Figure 4.21.
1. Use Equation 3.68 and value functions in Figure 3.40 to approximately calculate overall impact of each risk event. Assume equal weights among the dimensions of impact.
2. Use Equation 4.1 and the value functions in Figure A to calculate the risk score measure of each risk event. Assume equal weights in computing each risk score measure.
3. Suppose Figure 4.23 presents a portion of a capability portfolio defined as part of engineering an enterprise system. Given the information shown, apply the risk analysis algebra in Chapter 4 to derive a risk measure as indicated. Assume λ is given by the function in Figure 4.11.
4.
A. What is RS3.221?
B. What is RS3.222?
C. What is RS3.223?
D. What is RS3.22?
E. What is RS3.2?
F. Briefly desribe how project/program managers may use the weights in Equations 3.56 and 4.1 to make the risk algebra more meaningful and suitable.
G. Briefly desribe how project/program managers may use their own λ-function to make the risk algebra more meaningful and suitable
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