Seven risk events have been identified for a certain project,
and their three main criticality dimensions (chance of occurrence,
severity of impact, detection difficulty) were rated as low, medium
or high. Complete the table below using a scale of 1-3 in each
dimension and multiply to obtain total priority scores. Which two
risks should have the highest priority for management? The
lowest?
Risk ID
Chance
Severity
Detection
Chance
Severity
Detection
Total
R1
High
High
Low
R2
Low
High
Low
R3
Medium
Medium
Low
R4
High
Low
Medium
R5
Medium
High
High
Highest:
Lowest:
Seven risk events have been identified for a certain project, and their three main criticality dimensions (chance of occ
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Seven risk events have been identified for a certain project, and their three main criticality dimensions (chance of occ
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!