Final Exam Prep: “You have been selected to calculate the risk factors for a new project.”

Need help with the following questions. 

 

1 (TCO D) You have been selected to calculate the risk factors for a new project. In order to determine which risk factors should be prioritized by the project time, the table below has been developed to identify the top six risks associated with this project. You must consider the different calculations that should be used to identify which risks are priorities. You must explain which calculation you have decided to use and why. You must identify which risks must be addressed and identify which are high risk and which are medium risk. Assuming that the project is feasible, you must give a general economic and environmental appraisal for the project, given the listed risks. 

 

 

Risk Element

P C
1 0.1 0.2
2 0.2 0.1
3 0.9 0.1
4 0.2 0.1
5 0.8 0.1
6 0.1 0.3

 

 

 

 

 

2. Define the purpose, rationale, and method for the environmental risk process. Discuss and explain the benefits of environmental risk management.