Use the failure probability and consequence scores shown in the table to determine the overall risk factor for the project.Based on your analysis,the overall project has a(n):
A)low risk.
B)medium risk.
C)high risk.
D)unacceptable risk.

Question

Use the failure probability and consequence scores shown in the table to determine the overall risk factor for the project.Based on your analysis,the overall project has a(n): 
A)low risk. 
B)medium risk. 
C)high risk. 
D)unacceptable risk.

Quizplus · Accepted Answer

The highest consequence score is 8, and the corresponding failure probability is 0.6, which results in a risk factor of 4.8 (8*0.6=4.8). This is considered a high risk, as any risk factor above 3 is considered high.

Use the Failure Probability and Consequence Scores Shown in the Table