Question

(TCO D) You are the project manager for an important healthcare project. You are performing qualitative risk analysis. Below are the values of probability and impact for the top 5 negative risks that were given to you by project team. The person assigned as the risk owner did not come to work today and you will have to rank all risks, given the highest priority to high-exposure risk. The Probability and Impact Scale as discussed with the stakeholders is:

Scale	Probability	IMPACT
VH	85	$100,000
H	65	$75,000
M	45	$50,000
L	25	$20,000
VL	5	$5,000
The identified risks and their P and I given to you are:
Task Name	Probability	IMPACT
A	VH	L
B	H	H
C	VL	VH
D	M	H
E	L	VH

Answer 1

1	B	C	D	E	F
2	Scale	Probability	IMPACT
3	VH	85	$100,000
4	H	65	$75,000
5	M	45	$50,000
6	L	25	$20,000
7	VL	5	$5,000
8	The identified risks and their P and I given to you are:
9	Task Name	Probability	IMPACT
10	A	VH	L
11	B	H	H
12	C	VL	VH
13	D	M	H
14	E	L	VH
15	Task Name	Probability	IMPACT	Expected Value	Rank 1 to 5 as all are Negative Risk 1 means heavy risk and 5 means low risk
16	A	85%	20000	17000	4
17	B	65%	75000	48750	1
18	C	5%	100000	5000	5
19	D	45%	75000	33750	2
20	E	25%	100000	25000	3

Formula:

1	B	C	D	E	F
2	Scale	Probability	IMPACT
3	VH	85	100000
4	H	65	75000
5	M	45	50000
6	L	25	20000
7	VL	5	5000
8	The identified risks and their P and I given to you are:
9	Task Name	Probability	IMPACT
10	A	VH	L
11	B	H	H
12	C	VL	VH
13	D	M	H
14	E	L	VH
15	Task Name	Probability	IMPACT	Expected Value	Rank 1 to 5 as all are Negative Risk 1 means heavy risk and 5 means low risk
16	A	0.85	20000	=C16*D16	4
17	B	0.65	75000	=C17*D17	1
18	C	0.05	100000	=C18*D18	5
19	D	0.45	75000	=C19*D19	2
20	E	0.25	100000	=C20*D20	3