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by ramesh
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: 14911

Re: PMP Exam Tip: Why do we use a Probability and Impact Matrix?

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 ...