What is the primary use of a qualitative risk analysis such as a risk matrix?

Answer 1

Assign the risk to responsible department for action.

Answer 2

Assign a red, yellow, or green color code.

Answer 3

Prioritize risks for risk response actions.

Answer 4

Don’t know

Answer 5

Probability and impact

Answer 6

Time and money

Answer 7

Beginning and end

Answer 8

Don’t know

Answer 9

This risk is irrecoverable. Cancel the project.

Answer 10

That is a high priority risk. Create a risk response as soon as possible.

Answer 11

The stakeholders should be notified as soon as possible that the project will not achieve its goals or objectives.

Answer 12

Don’t know

What attributes of the risk do the two sides of a risk matrix represent?