A project manager can chart the probability and impact of risks on a ____.
A)risk ranking chart
B)risk probability table
C)probability/impact matrix
D)risk assessment matrix

Question

Quizplus · Accepted Answer

A probability/impact matrix is a tool used by project managers to chart the probability and impact of risks on a project. It helps prioritize risks based on their likelihood and potential impact, allowing the team to focus on the most critical risks. A risk ranking chart, risk probability table, and risk assessment matrix are all related tools, but they may not specifically include a charting of probability and impact.

A Project Manager Can Chart the Probability and Impact of Risks