Фигня!
<form name="form_1" action="">
    Combobox 1: Ungency
 <select class="element select medium" id="elem_1" name="elem_1">
 <option value="" selected="selected"></option>
 <option value="1">System does not work</option>
 <option value="2">Critical bugs</option>
 <option value="3">Small problem</option>
 </select>
   
 <br />
  Combobox 2: Impact    
 <select class="element select medium" id="elem_2" name="elem_2">
 <option value="" selected="selected"></option>
 <option value="1">all Users</option>
 <option value="2">lot of user</option>
 <option value="3">Individual user</option>
 </select>
  
  <br />
  Textfield: Priorization
 <input id="elem_3"  name="elem_3" class="element select medium" type="text" value="" readonly />
<script>
var sel = document.getElementById('elem_2');
sel.onchange = function() {
  var elem_1 = document.form_1.elem_1;
  var elem_2 = document.form_1.elem_2;
  var elem_3 = document.form_1.elem_3;
  var ungency = elem_1.value;
  var impact = elem_2.value;
  if (!ungency || !impact)
    return;
var priorityMatrix = [
    [1, 2, 3],
    [2, 3, 4],
    [3, 4, 4]
];
var priority = priorityMatrix[ungency - 1][impact - 1];
elem_3.value = "Prio " + priority;
}
</script>