Calculating Risk Priorities
 
Likelihood
1 - 10

1 = least likely

Impact
1 - 10

1 = least impact

Retirement cost
1 - 10
1 - lowest cost
Priority computation
 
 
 
Resulting
Priority

lowest number handled first

The highest
priority
risk
10
(most likely)
10
(most impact)
1
(lowest
retirement
cost)
(11-10)
*(11-10)
*1
1
The
lowest
priority
risk
1
(least
likely)
1
(least 
impact)

 
10
(highest
retirement
cost)
(11-1)
*(11-1)
* 10
1000