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3 cards from this section. Quick, good the night before a test.
What is the purpose of using a risk factor in scoring?
Think about why we evaluate risks.
How do you calculate a risk-adjusted score?
Remember the basic formula!
What is the range of risk factors used in risk-adjusted scoring?
Remember the numbers that were mentioned!
True or False: A higher risk factor increases a concept's adjusted score.
Think about how risks affect scores.
Analyze a new product idea with weighted scores of 9, 8, and 6, and with corresponding risk factors of 0.9, 0.6, and 0.7. What should the team prioritize based on the risk-adjusted scores?
Perform multiplication for each concept!
Discuss the potential repercussions of basing decisions solely on the weighted scores without considering risk.
Contemplate some worst-case scenarios.
6 more questions in this section. Enroll free to practise them all.
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