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Homework answers / question archive / Create a Risk Probability Matrix > Assignment 7 ts a display of your Knowledge around applying the ask matnx ta your nsks for your proyect For this assignment you will need to create a list of at least ten identified risks from your project After you have completed your list you will then create a nsk matnx to show the probability and impact assessment Please use clear it'then statements, as discussed The tf/then statements should cover the risk and the impact to the project This will help with determining the probability and the tmpact levets dunng the assessment A template has been provided and the following should be covered for each of the identified ten nsks « Rsk ID a number that indicates the nsk e Risk Statement a clear if/then statement « Probability The probability the risk will occur (Can use high, medium, low or numeric system) * Impact The impact on the project because of the nsk (Can use high, medium, low or numeric system) * Overall Score This 1s the final ranking score to determine where each risk falls among all other risks Once the nsks have been assessed, you must prioritize the risks in order of importance

Create a Risk Probability Matrix > Assignment 7 ts a display of your Knowledge around applying the ask matnx ta your nsks for your proyect For this assignment you will need to create a list of at least ten identified risks from your project After you have completed your list you will then create a nsk matnx to show the probability and impact assessment Please use clear it'then statements, as discussed The tf/then statements should cover the risk and the impact to the project This will help with determining the probability and the tmpact levets dunng the assessment A template has been provided and the following should be covered for each of the identified ten nsks « Rsk ID a number that indicates the nsk e Risk Statement a clear if/then statement « Probability The probability the risk will occur (Can use high, medium, low or numeric system) * Impact The impact on the project because of the nsk (Can use high, medium, low or numeric system) * Overall Score This 1s the final ranking score to determine where each risk falls among all other risks Once the nsks have been assessed, you must prioritize the risks in order of importance

Project Management

Create a Risk Probability Matrix
>
Assignment 7 ts a display of your Knowledge around applying the ask matnx ta your nsks for your proyect
For this assignment you will need to create a list of at least ten identified risks from your project After you have completed your list you will then create a nsk
matnx to show the probability and impact assessment
Please use clear it'then statements, as discussed The tf/then statements should cover the risk and the impact to the project This will help with determining the
probability and the tmpact levets dunng the assessment
A template has been provided and the following should be covered for each of the identified ten nsks
« Rsk ID a number that indicates the nsk
e Risk Statement a clear if/then statement
« Probability The probability the risk will occur (Can use high, medium, low or numeric system)
* Impact The impact on the project because of the nsk (Can use high, medium, low or numeric system)
* Overall Score This 1s the final ranking score to determine where each risk falls among all other risks
Once the nsks have been assessed, you must prioritize the risks in order of importance. This is helpful in the real world, for the next step and it 1s an important
understanding to have when dealing with risks

PROJECT RISK MATRIX

 

Project Title:

Date Prepared:

 

RISK ID

RISK STATEMENT

PROBABILITY

IMPACT

OVERALL SCORE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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