Calculate risk impact of each event

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Reference no: EM132209320

1. A project faced two potential risk events. First was weather related - A and second was people related risk - B. A has probability of 30% and the loss associated is $40,000. B has a probability of 70% and the loss of $30,000. Calculate risk impact (in $s) of each event. Which risk event (A or B) would you prioritize as more important for risk response and why?

2. Name 3 risk factors the French company missed up front when it tried to do Panama Canal Project? Explain very briefly.

3. What is a risk owner? What does he/she do?

Reference no: EM132209320

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