Answered step by step
Verified Expert Solution
Question
1 Approved Answer
probability and impact matrix and properly shade the boxes showing severity of risks for each of risk event in the example. Hint: green (low); yellow
- probability and impact matrix and properly shade the boxes showing severity of risks for each of risk event in the example. Hint: green (low); yellow (moderate); red (high). (6 points)
- Provide a suitable risk response for each of the above risk events, and justify your response. (9 points)
- You must use probability and impact matrix format (3 Points)
- Your submission should be between 150 and 300 (2 points).
- Your submitted document must be free of grammar and spelling errors. (3 points)
- You must add all references to your work at the end of the document. (3 points)
A | B | C | D | E | ||
Probability | Negligible 0.05 | Minor 0.1 | Moderate 0.2 | Major 0.4 | Severe 0.8 | |
E | Very likely 0.1 | |||||
D | Likely 0.2 | |||||
C | Possible 0.3 | |||||
B | Unlikely 0.4 | |||||
A | Very unlikely0.5 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started