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- Mon 16 May 2011 7:18 pm
- Forum: General Project Management
- Topic: PMP Exam Tip: Why do we use a Probability and Impact Matrix?
- Replies: 1
- Views: 16811
Probability is likelihood of an event taking place. Impact is result outcome based on occurrence of an event. Practically while executing projects, a project manager comes across lots of risk and each risk need to be carefully evaluated. For evaluating risks, probability and impact matrix plays an ...