manage risk

Question 3 Create a table assessing different risks. Include the following: . Apply a risk rating scale to the likelihood of the listed risks occurring (A-E; extremely likely to rare) using appropriate matrices. Assign a consequence or level of impact value (1-5; insignificant to catastrophic) to each of the risks. . Assign an overall risk priority for treatment (for example, high, medium, low). Suggested response Risk Likelihood Impact rating Overall priority rating Product malfunction causing injury Worker injured Interest rate rise Supplier receivership Staff fraud