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Assessing Project Risks

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What is a risk matrix and how can it help with the process of identifying and assessing project risks?

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Solution Summary

The author of this entry provides information about the value that risk matrices bring to a project and how they should be used to assess threats.

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Businessdictionary.com defines a risk matrix as a "table used in risk analysis in which rows show the risks, and columns show their likelihood (probability) of occurrence, and their impact." So in essence, a ...

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