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Create a risk matrix for this project:

Event

Cost ($000)

Probability

Equipment breakdown

40

.20

Vendor is late with key segment

200

.60

Subcontractor has labor issues

140

.30

Weather problems

15

Unknown

Funding delays

50

.40 to .60

Testing delays

20

.40

Explain your reasoning for your placement of the events weather problems and funding delays.

Operation Management, Management Studies

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