Question: 1 2 . [ 1 5 pts ] Assuming that your team has used a mean - value method to assess the probability and severity

12.[15 pts] Assuming that your team has used a mean-value method to assess the probability and severity of risk in one of your recent construction projects in Kansas City. Your team comes up with the four main risks along with their consequence and likelihood shown in Table 1.
Table 1. Mean-value assessment method
Please use the following table to rank these four risks based on mean risk values if escalation \(=8\%\) and 1-month delay cost \(\$ 2\) million.
1 2 . [ 1 5 pts ] Assuming that your team has

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