Given a project where you have established that the following risks are concerns and have identified best case/worst case scenarios: Risk A. Loss of key personnel B. High requirements volatility C. Failure of key supplier to deliver on time D. Unrealistic commitments E. Unable to grow to meet demand a) What is the risk exposure for each risk? b) Draw a risk severity matrix for the risks above. • Use three categories for likelihood: low (less than 30 %), medium (30 % -70%), and high (more than 70%). High (>S700K) Likelihood 80% 60% 25% 90% 20% • Use three categories for impact: low (less than $300K), medium ($300-700K), and high (more than $700K). Values that fall exactly on a boundary should be classified in the higher category. Impact Medium ($300-700K) Low (<$300K) Low (<30%) Impact $900K $400K $200K $600K $350K Likelihood Medium (30-70%) High (>70%)
Given a project where you have established that the following risks are concerns and have identified best case/worst case scenarios: Risk A. Loss of key personnel B. High requirements volatility C. Failure of key supplier to deliver on time D. Unrealistic commitments E. Unable to grow to meet demand a) What is the risk exposure for each risk? b) Draw a risk severity matrix for the risks above. • Use three categories for likelihood: low (less than 30 %), medium (30 % -70%), and high (more than 70%). High (>S700K) Likelihood 80% 60% 25% 90% 20% • Use three categories for impact: low (less than $300K), medium ($300-700K), and high (more than $700K). Values that fall exactly on a boundary should be classified in the higher category. Impact Medium ($300-700K) Low (<$300K) Low (<30%) Impact $900K $400K $200K $600K $350K Likelihood Medium (30-70%) High (>70%)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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![**Transcript for Educational Website**
In this project scenario, various risks have been identified along with their likelihood and potential financial impact. The table below summarizes these risks:
| Risk | Likelihood | Impact |
|------------------------------------------------|------------|---------|
| A. Loss of key personnel | 80% | $900K |
| B. High requirements volatility | 60% | $400K |
| C. Failure of key supplier to deliver on time | 25% | $200K |
| D. Unrealistic commitments | 90% | $600K |
| E. Unable to grow to meet demand | 20% | $350K |
**Additional Instructions:**
a) Determine the risk exposure for each identified risk.
b) Create a risk severity matrix for these risks using the following categories:
- **Likelihood Categories:**
- Low: less than 30%
- Medium: 30%-70%
- High: more than 70%
- **Impact Categories:**
- Low: less than $300K
- Medium: $300K-$700K
- High: more than $700K
Note: Values on category boundaries should be included in the higher category.
**Risk Severity Matrix:**
The matrix is a visual tool used to categorize risks based on their likelihood and impact:
\[
\begin{array}{|c|c|c|c|}
\hline
\text{Impact} & \text{Low (<30\%)} & \text{Medium (30\%-70\%)} & \text{High (>70\%)} \\
\hline
\text{High (>$700K)} & \text{Yellow} & \text{Orange} & \text{Red} \\
\text{Medium ($300-$700K)} & \text{Green} & \text{Yellow} & \text{Orange} \\
\text{Low (<$300K)} & \text{Green} & \text{Green} & \text{Yellow} \\
\hline
\end{array}
\]
**Explanation of the Risk Severity Matrix:**
- **Green:** Indicates low severity, suggesting minimal concern.
- **Yellow:** Indicates moderate severity, requiring monitoring.
- **Orange:** Indicates high severity, necessitating intervention.
- **Red:** Indicates very high](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3a99a642-997c-4ba1-9a28-cec6d1cb3ad6%2F43adc964-09d8-4384-8d65-4e1941236433%2Feu02i5k_processed.png&w=3840&q=75)
Transcribed Image Text:**Transcript for Educational Website**
In this project scenario, various risks have been identified along with their likelihood and potential financial impact. The table below summarizes these risks:
| Risk | Likelihood | Impact |
|------------------------------------------------|------------|---------|
| A. Loss of key personnel | 80% | $900K |
| B. High requirements volatility | 60% | $400K |
| C. Failure of key supplier to deliver on time | 25% | $200K |
| D. Unrealistic commitments | 90% | $600K |
| E. Unable to grow to meet demand | 20% | $350K |
**Additional Instructions:**
a) Determine the risk exposure for each identified risk.
b) Create a risk severity matrix for these risks using the following categories:
- **Likelihood Categories:**
- Low: less than 30%
- Medium: 30%-70%
- High: more than 70%
- **Impact Categories:**
- Low: less than $300K
- Medium: $300K-$700K
- High: more than $700K
Note: Values on category boundaries should be included in the higher category.
**Risk Severity Matrix:**
The matrix is a visual tool used to categorize risks based on their likelihood and impact:
\[
\begin{array}{|c|c|c|c|}
\hline
\text{Impact} & \text{Low (<30\%)} & \text{Medium (30\%-70\%)} & \text{High (>70\%)} \\
\hline
\text{High (>$700K)} & \text{Yellow} & \text{Orange} & \text{Red} \\
\text{Medium ($300-$700K)} & \text{Green} & \text{Yellow} & \text{Orange} \\
\text{Low (<$300K)} & \text{Green} & \text{Green} & \text{Yellow} \\
\hline
\end{array}
\]
**Explanation of the Risk Severity Matrix:**
- **Green:** Indicates low severity, suggesting minimal concern.
- **Yellow:** Indicates moderate severity, requiring monitoring.
- **Orange:** Indicates high severity, necessitating intervention.
- **Red:** Indicates very high
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