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Managers at Lavalle, a transport company based in the south of France, introduced a new supply chain information system. They worked with a team of
Managers at Lavalle, a transport company based in the south of France, introduced a new supply chain information system. They worked with a team of consultants from the system supplier, who described the risks from the installation using a probabilityimpact matrix. This had five categories of likelihood, with guidelines for the corresponding probabilities 'very unlikely meaning a probability of per cent, unlikely' meaning per cent, 'medium' meaning per cent, 'likely' meaning per cent and 'very likely meaning more than per cent. They assigned values of to respectively to each category. Similarly, they assessed the impact of risks as very low, low, medium high and very high so a delay of say, week in the project would have very low impact, a delay of to weeks would have low impact, a delay of to weeks would have medium impact, and so on Then they assigned values of to respectively to these consequences.
a Build the table matrix
b Comment results
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