Q. Garden Variety Flower Shop uses 750 clay pots a month. Pots are purchased at $2 each. Store's accountant estimates annual carrying cost to be 30 percent of purchase price per unit, also ordering costs are $20 per order. Manager has been using an order size of 1,500 ?ower pots.

Q. Describe illustrate what happens with likelihood of a risk event occurring also cost of fixing risk event as a project proceeds through its life cycle.