Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

GCW company uses a risk register to measure the likelihood, impact, and severity of risks arising from a major project. Likelihood and impact are measured

GCW company uses a risk register to measure the likelihood, impact, and severity of risks arising from a major project. Likelihood and impact are measured on a scale of 1-5 as follows: Scale: likelihood: Impact: 1 very unlikely Very low 2 quite unlikely Low 3 moderately likely Moderate 4 very likely High 5 certain Very high A new risk relating to the potential election of a new government has arisen and needs to be added to the risk register. The risk is considered 'very likely', and the impact is considered 'moderate'. What is the severity score of this risk? A.3 B.7 C.9 D.12

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations And Supply Chain Management

Authors: David A. Collier, James R. Evans

2nd Edition

035713169X, 978-0357131695

More Books

Students also viewed these General Management questions

Question

8. What values do you want others to associate you with?

Answered: 1 week ago