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Calcimator

Risk Exposure Calculator

Calculate EMV from probability and impact for project risks.

Inputs

%
$
%
$
%
$
$

Results

Total EMV (Risk Exposure)

$40,000.00

≈ 4 years of state college

Risk 1 EMV$15,000.00
Risk 2 EMV$15,000.00
Risk 3 EMV$10,000.00
Contingency % of Budget8%
Recommended Contingency$48,000.00
Average Risk Score3.3
How to Use This Calculator
  1. Enter each identified risk event and its probability of occurrence (0–100%).
  2. Input the potential impact in dollars or schedule days if the risk occurs.
  3. Review the risk exposure (probability × impact) for each risk.
  4. Sort risks by exposure to prioritize mitigation efforts.
  5. Allocate contingency reserve equal to the sum of exposures for top-tier risks.

How the result changes with Risk 1 Probability

Risk 1 ProbabilityTotal EMV (Risk Exposure)
10$30,000.00
35$42,500.00
65$57,500.00
90$70,000.00

What each input means

Risk 1 Probability
Likelihood of Risk 1 occurring.
Risk 1 Impact
Financial impact if Risk 1 occurs.
Risk 2 Probability
Likelihood of Risk 2 occurring.
Risk 2 Impact
Financial impact if Risk 2 occurs.
Risk 3 Probability
Likelihood of Risk 3 occurring.
Risk 3 Impact
Financial impact if Risk 3 occurs.
Project Budget
Total project budget for contingency percentage.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Risk 1 Probability = 30, Risk 1 Impact = 50000, Risk 2 Probability = 15, Risk 2 Impact = 100000 = 7 input(s) provided
  2. Calculate Total EMV
    Total EMV
    40000 = $40,000
  3. Calculate Risk 1 EMV
    Risk 1 EMV
    15000 = $15,000
  4. Calculate Risk 2 EMV
    Risk 2 EMV
    15000 = $15,000

Engine last updated . Checked against 1 independently-derived test — how we verify calculators.

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