After you joined a new company as a project manager. You come to know that existing projects face a lot of challenges. You want to use all your potential, talent, and experience to bring the projects back on track. You have observed that previously the risks involved in projects were not managed actively. After some exercise, you have compiled a list of potential risks for your project, and the following risks are identified in your list.

1. the probability and impact of Late drawings and instructions is 0.55 and 0.90 respectively

2. the probability and impact of Subsurface geological and Geo technical conditions is 0.60 and 0.40 respectively

3. the probability and impact of Productivity of labor is 0.75 and 0.20 respectively

4. the probability and impact of Vandalism is 0.45 and 0.50 respectively

Owing to your limited resources, Prioritize, categorize, and prepare comprehensive plan to deal with each category.