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Project Management & Agile · Foundational

Probability and Impact Matrix

A grid that maps the probability of each risk against its impact on objectives to prioritize risks.

Definition

Each cell defines a risk priority (for example high, medium, low), and separate matrices may exist for threats and opportunities.

Example

A risk with 70% probability and high schedule impact falls in the red zone.

Exam tip

Defined in the risk management plan; used in qualitative analysis.

Related terms