Question: Seven risk events have been identified for a certain project, and their three main criticality dimensions (chance of occurrence, severity of impact, detection difficulty) were

Seven risk events have been identified for a certain project, and their three main criticality dimensions (chance of occurrence, severity of impact, detection difficulty) were rated as low, medium or high. Complete the table below using a scale of 1-3 in each dimension and multiply to obtain total priority scores. Which two risks should have the highest priority for management? The lowest?

Risk ID	Chance	Severity	Detection	Chance	Severity	Detection	Total
R1	High	High	Low
R2	Low	High	Low
R3	Medium	Medium	Low
R4	High	Low	Medium
R5	Medium	High	High

Highest:

Lowest:

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