Question 4 Figure 1: Risk Probability/Impact Matrix for five risks: A, B, C, D,

Question

Question 4 Figure 1: Risk Probability/Impact Matrix for five risks: A, B, C, D, and E 0.8 0.6 0.4 0.2 0 0 0.2 0.4 0.6 0.8 Impact On the x-axis we have the relative magnitude of the 'impact,' with higher numbers indicating a more severe outcome. On the y-axis we have the probability that a risk 'may' occur, ranging from just above 0% to just below 100%. Using Risk Score as a measure, prioritize risks A through E from MOST risky to LEAST risky. A, B, C, D, E B, C, A, D, E C, B, A, D, E D, C, E, B, A

Explanation / Answer

Hi! Hope this answer helps! Please do thumbs up and feel free to leave a comment if any further help is required!

We know that,
Risk Score = Probability * Impact

Therefore,

Risk Score of A = 0.8 * 0.2 = 0.16
Risk Score of B = 0.6 * 0.4 = 0.24
Risk Score of C = 0.6 * 0.8 = 0.48
Risk Score of D = 0.4 * 0.2 = 0.08
Risk Score of E = 0.2 * 0.1 = 0.02

Therefore, from most risky to least risky

C, B, A, D, E

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.