How is the column priority level calculated

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Reference no: EM133861482

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From this point on, use this Image to answer the questions below. Risk Description Brief summary of the risk. Impact Description What will happen if the risk is not mitigated or eliminated. Impact Level Rate 1 (low) to 5 (high) Probability Level Rate 1 (low) to 5 (high) Priority Level [A] Owner Who's responsible? Leads from roof during rain make the floor slippery. Slips and falls 3 5 15 Order "slippery when wet" signs Have mops on hand Fix roof Allen Shortage of eye protection Increase in injuries. Production delayed. Increased insurance premiums. 5 1 5 Increase supply Low inventory warnings Find alternative suppliers. How is the column "priority level" calculated, and what is its significance to the organization?

Reference no: EM133861482

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