This week´s post is dedicated to a very important aspect of project planning and management that has to considered.
Last week we looked at what a procurement matrix is and how it can facilitate project management.
And today, we are looking at another type of matrix- a risk matrix.
Do you know what a risk matrix is? Have you ever used one?
A risk matrix visualises the project risks in a diagram where they are divided according to their probability and their effects or extent of impact, so that you can determine the worst-case scenario at a glance.
It is an important component of your project and risk management.
You can find more information on them here https://pmi-valencia.org/pmief-riesgos/
We will continue to provide you with useful tools that can help you in managing your project. Follow our posts to stay up to date.