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Question 3 ( 2 5 Marks ) A nisk probability or consequence is often described as being, low, medium or high. The probability and impact
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A nisk probability or consequence is often described as being, low, medium or high. The probability and impact of risks can be charted by a project manager on a probabilitylimpact matrix or chart. Use the identified risks of the case study project AT LEAST record them on a probabilityimpact matrix. Thereafter, justify the recording of each risk in the quadrant that you have chosen.
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Refer to the strategies to deal with negative project risks. Identify the negative risk i critically discuss the strategies to deal with the negative project risks that yous in the case study project. Analyse and study.
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