Question: Please show all steps An infrastructure development project has the following risk factors. DESCRIPTION Risk Factor A B D Reduced supply of basic materials Worker

 Please show all steps An infrastructure development project has the following

Please show all steps

An infrastructure development project has the following risk factors. DESCRIPTION Risk Factor A B D Reduced supply of basic materials Worker injuries Extended project duration Community dis-approval due to Resettlement requirement Water leakage Equipment malfunction Likelihood Rating 1 3 5 4 Impact Rating 4 3 4 5 E F 2 1 4 5 LIKELIHOOD Rating: (1) Rare, (2) Unlikely, (3) Possible, (4) Likely, (5) Almost certain. IMPACT Rating: (1) Insignificant, (2) Low, (3) Moderate, (4) High, (5) Catastrophic/Failure. a) Draw the RAM Matrix. b) Identify the critical risk factors, moderate risk factors, and low risk factors. c) For each risk factor, write a short description of your recommendations for "Mitigation" measures to minimize the risk associated with each factor. An infrastructure development project has the following risk factors. DESCRIPTION Risk Factor A B D Reduced supply of basic materials Worker injuries Extended project duration Community dis-approval due to Resettlement requirement Water leakage Equipment malfunction Likelihood Rating 1 3 5 4 Impact Rating 4 3 4 5 E F 2 1 4 5 LIKELIHOOD Rating: (1) Rare, (2) Unlikely, (3) Possible, (4) Likely, (5) Almost certain. IMPACT Rating: (1) Insignificant, (2) Low, (3) Moderate, (4) High, (5) Catastrophic/Failure. a) Draw the RAM Matrix. b) Identify the critical risk factors, moderate risk factors, and low risk factors. c) For each risk factor, write a short description of your recommendations for "Mitigation" measures to minimize the risk associated with each factor

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 Finance Questions!