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Risk Matrix

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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

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.

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