Question: Problem 3. Risk Management - Risk Prioritization (4 points) In the FMEA Scorecard below, four kinds of natural disaster risks are included with their likelihood,

 Problem 3. Risk Management - Risk Prioritization (4 points) In the

Problem 3. Risk Management - Risk Prioritization (4 points) In the FMEA Scorecard below, four kinds of natural disaster risks are included with their likelihood, severity, detectability scores marked in red. Please used the information provided to calculate the RPN for the 4 risks and determine the priorities of the risks. 1 = highest priority. 4 = lowest priority. Risk Likelihood Severity Detectability Risk Priority Number (RPN) Priority Earthquake 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 Hurricane 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 Flood 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 Snow Storm 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10

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 Accounting Questions!