A new system is about to be developed. Which of the following functions has the highest level of risk?

The correct answer is A. Likelihood of failure = 20%; impact value = ?00,000. In (B) the product of probability ?impact has the value ?5,000; in (C) the value is ?,000 and in (D) it is ?,000. The value of ?0,000 in (A) is therefore the highest.

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Question

Options

ALikelihood of failure = 20%; impact value = ?00,000
BLikelihood of failure = 10%; impact value = ?50,000
CLikelihood of failure = 1%; impact value = ?00,000
DLikelihood of failure = 2%; impact value = ?00,000

How the community answered

(23 responses)

A
83% (19)
B
4% (1)
C
9% (2)
D
4% (1)

Explanation

In (B) the product of probability ?impact has the value ?5,000; in (C) the value is ?,000 and in (D) it is ?,000. The value of ?0,000 in (A) is therefore the highest.

Topics

#risk assessment#failure likelihood#impact value#risk calculation

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