A healthcare equipment company has recently begun developing an enterprise$-$wide risk management

system. It has administered a focused questionnaire on a sample of its top risk owners producing

information on identification and assessment of its key risk categories shown in the table below. The

information provided includes measures of average probability, average impact on annual net operating

cash flow, and exiting levels of average control $($Scale of $1-5$: very low, low, medium, high, very high$)$ for

each risk categories.

You are hired to use a methodology to achieve the following objectives.

a$)$ Prioritize the identified risks using an equally weighted index of expected impact and control.

b$)$ Draw a risk map.

c$)$Offer possible risk mitigation strategies only for the top three risks identified.