A risk assessment matrix is a tool for
A) making a person responsible for the risk.
B) stating if the risk will be avoided, accepted, or mitigated.
C) examining the results of the project.
D) assessing and managing risks.

Question

Quizplus · Accepted Answer

A risk assessment matrix is primarily used to assess and manage risks by evaluating the likelihood of an event occurring and its potential impact on the project or organization. It helps in identifying potential risks and prioritizing them based on their significance, likelihood, and impact, and then implementing appropriate mitigation and control measures to reduce the risks to an acceptable level. It doesn't make a person responsible for the risk, examine the results of the project or state if the risk will be avoided, accepted or mitigated.

A Risk Assessment Matrix Is a Tool for