Enterprise Project Management
March 17th, 2022
MSPM1-GC4000
Edward Kleinert
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Risk Description Impact Type Probability
Rating Impact Rating
Priority
Rating Owner
Business 1 – None 1 – None Accept
Scope 2 – Low 2 – Little Avoid
Technical 3 – Medium 3 – Moderate Mitigate (P)
Schedule 4 – High 4 – Heavy Mitigate (I)
Resources 5 – Certain 5 – Devastate Transfer
Cost
1
2
3
4
5
6
7
8
9
10
Principles of Project Management
MSPM1-GC1000
Edward Kleinert
Risk Management: Probability (P) and Impact (I) Risk Matrix
Risk Response
Probability x
Impact
Identify and Describe Risk
Response
1