Question

The risk score formula is:

a. Likelihood - Impact
b. Likelihood × Impact
c. Likelihood/Outcome
d. Likelihood/Average impact

Answer 1

its the average impact.

Answer 2

The risk score formula is likelihood × impact. It is used to calculate the risk score in various fields, such as business, project management, and insurance.

Step-by-step explanation:

The risk score formula is likelihood × impact. This formula is used to calculate the risk score in various fields, such as business, project management, and insurance.

For example, let's say we have a project with a likelihood of 0.4 (40%) and an impact of 0.6 (60%). To calculate the risk score, we multiply the likelihood by the impact: 0.4 × 0.6 = 0.24. So, the risk score for this project would be 0.24.