Question: QUESTION 4 Tabulate the risk event based on the following scenario. Refer to Table 2 Likehood matrix, Table 3 Impact Scale and Table 4 Detection

QUESTION 4 Tabulate the risk event based on the following scenario. Refer to Table 2 Likehood matrix, Table 3 Impact Scale and Table 4 Detection Difficulty Table for the qualitative measures. Calculate the risk value (FMEA).
a) Yusof encountered an increase of 35% of the budget due to equipment breakdown. It will possible to happen during development phase. Detection Probability is 30%
APPENDIX 5 4 Almost certain Likely Possible Unlikely Table 2 Qualitative measures of Like hood It is expected to occur at some time during the exercise Will probably occur in most circumstances Might occur at some time Could occur at some time May occur in exceptional circumstances 3 2 2 1 Rare Table 3 Impact Scale Project Objective Design 1 Very Low Insignificant design changes Quality Quality degradation barely noticeable 3 Low Moderate 40% design design changes changes Quality Project end reduction item is unacceptable effectively to sponsor useless 20-40% > 40% resources resources changes changes > 10 complaints complaints 20-40% cost > 40% cost increase increase Resources Insignificant resources changes No complaints Customer 6-9 Budget Insignificant cost increase 1 Remote 2 Low Table 4 Detection Difficulty Table Detection ProbabilityStep by Step Solution
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