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Given the table below, identify the appropriate risk matrix for this project. Event Cost ($000) Probability 1. Equipment breakdown 40 .20 2. Vendor is late
Given the table below, identify the appropriate risk matrix for this project.
| Event | Cost ($000) | Probability | |||
| 1. Equipment breakdown | 40 | .20 | |||
| 2. Vendor is late with key segment | 200 | .60 | |||
| 3. Subcontractor has labor issues | 140 | .30 | |||
| 4. Weather problems | 15 | Unknown | |||
| 5. Funding delays | 50 | .40 to .60 | |||
| 6. Testing delays | 20 | .40 | |||
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
11th Edition
9780132997621, 132149117, 132997622, 978-0132149112
