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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. Inherent Risk Inherent Risk Risk Response Residual Risk Residual Risk Risk Likelihood Impact Alternatives Likelihood Impact Hikers on trials become hurt. Hikers could sue. 156 $10,041,000 A-Require safety training. 1 196 $6,040,000 B-Require specific hiking gear. 209% $5,050,000 C-Take no action. 20% $10,066,000 Calculate the residual risk for alternative A for Jones Hiking Trails. a. $664,400 O b. $1,506,150 c. $2,013,200 O d. $1,010,000
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