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Q.1 A project sponsor is risk averse and is therefore concerned about negative impacts on the project. To help with this concern, the project team
Q.1 A project sponsor is risk averse and is therefore concerned about negative impacts on the project. To help with this concern, the project team identifies four project risks and then evaluates both the probability of occurrence and the impact of the risk if it occurs. The team uses a 1-5 scale, 1 being the lowest and 5 being the highest. Risk Probability Impact 2 5 B 4 3 C 3 2 D 2 4 Based on the table, in what order should the project manager rank these risks for risk management purposes
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