Question: 5 . 1 Using the concept that Risk = Frequency x Consequence, select one basic event from your model as an appropriate example for each

5.1 Using the concept that "Risk = Frequency x Consequence", select one basic event from your model as an appropriate example for each of the two following criteria. There are multiple options for each of the two. Explain why the event you selected meets the criteria.
Approximately 1-3 sentences per answer. (10 points)
a. A basic event that represents high risk to the system because the event has high frequency but low consequence.
b. A basic event that represents high risk to the system because the event has low frequency but high consequence.
 5.1 Using the concept that "Risk = Frequency x Consequence", select

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!