QuestionQ130

VerifiedRisk Management

You are a project manager at SoftTech Inc. A threat valued at $150,000 is expected to occur in your project, with a yearly occurrence frequency of 0.001. What is the annualized loss expectancy for the project?

Explanation

Annualized loss expectancy is calculated as the loss amount multiplied by the annual rate of occurrence: $150,000 × 0.001 = $150.

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