Assignment Introduction and Learning Goals Situation: From the textbook example In chapter 9 on page 167' "Risk Analysis of EqUIpment Delivery" A project team analyzed the risk of some Important equipment not arriving at the project on tIme The team Identified three pieces of eqUIpment that were critical to the project and would significantly increase costs if they were late in arriving One of the vendors, who was selected to deliver an important piece of equipment. had a history of being late on other projects. The vendor was good, but often took on more work than it could delIver on time. This risk event (the identified eqUIpment arriving late) was rated as high likelihood with a hIgh impact. The other two pieces of equipment were potentially a high impact on the prOject but with a low probability of occurring. Questions: 1 Complete a probabIlity and impact matrix and properly shade the boxes showIng severity of risks for each of risk event in the example Hint: green (low); yellow (moderate); red (hIgh). (6 points) 2. Provide a suitable risk response for each of the above risk events and justify your response. (9 points} 3. You must use probabIlity and impact matrix format (3 Points} IMPACT \"HI-\"I- Negligible Minor Moderate Mainr Severe PROPABlll" 0.05 0.1 0.2 0.4 0.8 General instructions: 1. Your submission should be between 150 and 300 words (2 points) 2. Your submitted document must be free of grammar and spelling errors. (3 points) 3. You must add all references to your work at the end of the document. (3 points) 4. All sumessions must be in word document format and follow the name formatting your last name_lA#2. [2 points) 5. Submit all your drawings: charts and answers under lndIvidual Assignment #2 submission. (2 points) 6 If your assignment Is late' you will be assessed a penalty of 20% Any assIgnment over one day late Wlll not be accepted