Question: QUESTION 1 (36 Marks) Table 1: Risk Impact Matrix for a Construction Firm| HIGH R3 R9 MEDIUM R8 R5 PROBABILITY LOW R6 R2 LOW MEDIUM

QUESTION 1 (36 Marks) Table 1: Risk Impact Matrix

QUESTION 1 (36 Marks) Table 1: Risk Impact Matrix for a Construction Firm| HIGH R3 R9 MEDIUM R8 R5 PROBABILITY LOW R6 R2 LOW MEDIUM HIGH IMPACT Suppose that you are the Risk Manager for the above Construction Firm give an example of the risks in each of the rectangular box and briefly explain how you will respond to each of them (36 Marks: Note*: 1 Mark for each appropriate example and 3 marks for the appropriate response. Also note that the response should not merely state Treat/Tolerate/Transfer/Terminate but should include a brief statement of what to be done) R1 R7 R4

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