The company's supply chain is exposed to a number of risks that vary in their severity, probability, and detectability. Each of these factors is estimated as follows:
- Severity (10 - most severe, 1 - least severe);
- Probability (10 - almost certain, 1 - almost improbable);
- Detectability (10 - absolute uncertainty, 1 - almost certainly will be detected).
A Risk Manager has developed the following risk matrix:
Assuming that the cost of addressing any of the above failures is the same, which of the following risks should the company address first?
Ayenco
1 month, 2 weeks ago