a A highway construction contractor has developed a base (or deterministic) estimate for a project of $18,500,000. The deterministic schedule is 320 calendar days and the cost for each day of delay is $5,000. The contractor has completed a qualitative risk analysis in addition to their bid as follows. Risk Register Risk Description Probability of Occurrence Cost Impact Delay due to extreme weather Delay due to environmental violation Subcontractor default Delay in material delivery Medium Low Very Low Medium None None High Very Low Schedule Impact Medium High Medium Low Probability of Occurrence Cost of Impact Schedule Delay of Impact Description Probability Description Very Low Low Medium High Very High 0-2% 2-10% 10-30% 30-70% 70-100% Description % of Base Cost Very Low 0-2% Low 2-4% Medium 4-8% High 8-12% Very High 12-20% Very Low Low Medium High Very High Schedule Delay 5 days 10 days 25 days 50 days 100 days A. Given only the information above, calculate the cost risk impact and schedule risk impact separately for each of the mentioned four risks. Hint: For given ranges of probability or % of Base Cost, consider the midpoint of the range for your calculations. List of Risks Cost Risk Impact Schedule Risk Impact Delay due to extreme weather Delay due to environmental violation Subcontractor default Delay in material delivery B. Add the cost and schedule risk impact for each of the listed four risks and rank the risks in order of their financial importance (considering both cost and schedule). List of Risks Total Risk Impact Total Risk Ranking Delay due to extreme weather Delay due to environmental violation Subcontractor default Delay in material delivery