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The chart below contains a description of top risks, inherent risk assessment, three risk response alternatives, and residual risk assessment for each response alternative for
The chart below contains a description of top risks, inherent risk assessment, three risk response alternatives, and residual risk assessment for each response alternative for Jones Hiking Trails. Risk Inherent Risk Likelihood Inherent Risk Impact Risk Response Alternatives Residual Risk Likelihood Residual Risk Impact Hikers on trials become hurt. Hikers could sue. 15% $10,027,000 ARequire safety training. 12% $6,024,000 BRequire specific hiking gear. 17% $5,010,000 CTake no action. 25% $10,083,000 Calculate the residual risk for alternative A for Jones Hiking Trails. a. $1,504,050 b. $722,880 c. $851,700 d. $2,520,750
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