Using the risk log and documented risks, rank the risks by likelihood and impact score.

Instructions

You must complete the risk calculation sheet Download risk calculation sheetfirst then score your risks based on factors you researched about the organization.

1. Review news articles and other online materials regarding the organization
2. Update the risk calculation sheet Download risk calculation sheetwith four risk types updated for impact. The likelihood scores will remain as provided.
3. Using the risk log Download risk log, score your risks based on external and internal factors as well as information on the competition, which you found in news articles and materials about the organization.
4. Once scored, develop your risk heat map using excel. Develop a chart that takes the values of likelihood on the "X" axes and "Y" for values of Impact. Do NOT use 1 to 10 as your values are not 1 to 10. You must reflect what is in the risk calculation sheet.
5. Plot your scores in relation to the total risk score in a risk heat map.
6. Once plotted, document the high, medium and low thresholds. These ranges will then be carried over to the heat map in terms of red = high, medium = yellow and low = green.

How to make an heat map using excel - https://riskmanagementguru.com/create-risk-heatmap-excel-part-2.html/#:~:text=%20How%20to%20Create%20a%20Risk%20Heatmap%20in,is%20to%20file%20in%20your%20risk...%20More%20

I have attached risk calculation sheet and risk log documents. Please complete using both the sheets

Risk calculation sheet:

A1 X V fx Probability of Occurrence A B C D E F G H Probability of Occurrence N Very Unlikely 3 Somewhat unlikely UT W 4 50-50 possibility Somewhat likely 7 Very likely 9 Impact of Risk : defined as the impact to Financial: Possibility of a significant Operational Competitive Risks: Some competitors in Reputational: May impact the company Technical Legal/Compliance the firm before the controls. (Inherent monetary loss or gain the industry might hurt the company's brand or standing associated with a risk) business. Pick hospitals that are closed to |positive or negative incident/issue competitors' health center, count the total admissions change rates in these hospitals. 10 11 Very Low 12 Somewhat Low 2 13 Moderate Somewhat High 15 High 8 6 Extremely HighRisk Dat The Risk of/That Caused by Resulting In Consequence/Impact Likelihood Impac Risk Priority Mitigation Risk Open/Closed