definitions of probability and impact definitions of probability and impact

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Definitions of Probability and Impact for a coffee shop business

1. Your team selected a scale for probability and a scale for impact, and you developed

definitions for your scale (For example, what value for a given risk’s probability gets

rated “high.” What value for a given risk’s impact gets rated low?) In this paper you will

define your scales and explain their rationale (how they were determined). In addition,

you will include a table containing your definitions for your scale.

(see for example Edwards etal, Pg164 or PMBOK Pg 407 Section 11.1.3)

2. AT LEAST one page

3. Formatting:

Double-space (no additional space between paragraphs)

One-inch margins

Times Roman12-point font size

Left justified

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