Question: 3. Assess Probability and Impact Discretize probability space and assign arbitrary values to each bracket. This results in a parametric scale. Using this parametric scales

3. Assess Probability and Impact Discretize probability space and assign arbitrary values to each bracket. This results in a parametric scale. Using this parametric scales rate: Probability (0-5) Impact (0-5) Then, calculate the Risk Level = Probability Damage and categorize each as: Low (0-4) Medium (5-10) High (11-25) 4. Propose Mitigation Measures For each risk, suggest at least one mitigation strategy. These may include: Design revisions Contractual mechanisms Technical studies Contingency planning Schedule adjustments 5. Assign Responsibility Identify the responsible party (e.g., Project Manager, Environmental Team, Compliance Officer). Learning Outcomes Upon completing this assignment, you will be able to: Apply structured risk assessment to complex construction projects. Evaluate probability and impact using industry-relevant scales. Develop actionable mitigation plans. Present risk data in a professional format for use in project decision-making.

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