Questions I need answered/Explained using the above data:

1. Address what the features of well-constructed risk tolerance criteria are.

2. Identify any problems with the production managers risk matrix. (shown in chart above)

3. Recommend changes that will fix the problems.

4. Propose what the new criteria should actually be and make the case for why the proposed criteria are appropriate, rather than something different, particularly, something with either higher or lower RTC.

Please help me answer all parts to this problem. I just need data/explanations, not a presentation. Thanks!

Risk Matrix and Prioritization (S)EVERITY (OF CONSEQUENCES) (L)IKELIHOOD (OF CONSEQUENCES) The presentation should address what the features of well-constructed risk tolerance criteria are. It should then go on to identify any problems with the production manager's risk matrix. It should then recommend changes that will fix the problems. Finally, the presentation should propose what the new criteria should actually be and make the case for why the proposed criteria are appropriate, rather than something different, particularly, something with either higher or lower RTC