Suppose the impact of a risk is judged to be serious, but the likelihood of it happening is judged to be very small ; (circle all that apply):

Question

Suppose the impact of a risk is judged to be serious, but the likelihood of it happening is judged to be  very small ; (circle all that apply):

Answer

A different opinion should be sought that would yield a reduced or not severe impact.

Answer

If the computed expected value consequence is lower than others in the project, it should be addressed only if time and funds allow.

Answer

If the computed expected value consequence is small, the risk can be ignored.

Answer

The risk should be taken seriously.

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