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Main features of a risk prioritization matrix

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Reference no: EM132812629

(a) What are the main features of a Risk Prioritization Matrix (RPM)? 

(b) Assume you are the president of a large, food organization shipping most of your products to other countries.

  • What possible risk might be in a cell of the matrix where the likelihood/risk of a negative event is low and the impact on the business is minor or small?
  • What possible risk might be in a cell of the matrix where the risk of a negative event is high and the impact on the business could be very damaging?

Reference no: EM132812629

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